How Ireland Became 2020'S Fastest Growing Economy: Raising All Kinds Of Money

The video explores the 'Dutch Sandwich' tax loophole used by corporations to avoid taxes in Ireland and the Netherlands. It discusses the closure of this loophole in 2015 and its implications. Ireland's strategy to attract corporate investments through research and development is highlighted, along with the historical significance of the Shannon Free Trade Zone. The video concludes by examining Ireland's strategic advantages, such as its location, EU access, and educated workforce, which continue to attract international businesses.

What was the primary purpose of the 'Dutch sandwich' tax loophole?

• To increase foreign investment in the Netherlands

• To allow corporations to avoid paying taxes

• To support local Irish businesses

• To promote tourism in Ireland

How did Ireland benefit from allowing companies to invest in research and development?

• It increased the local tax revenue

• It created jobs and boosted the local economy

• It reduced the national debt

• It improved public services

What was the main feature of the Shannon Free Trade Zone?

• It offered free housing for workers

• It exempted companies from taxes on goods until they left the area

• It provided free education for employees' children

• It allowed companies to pay no taxes at all

Which of the following companies was attracted to the Shannon Free Trade Zone?

• Google

• Microsoft

• Intel

• Amazon

What was a limitation of the Shannon Free Trade Zone?

• It could only attract companies that manufactured small, high-value products

• It was too expensive for most companies to operate there

• It was too far from major shipping routes

• It could only attract companies that manufactured large, low-value products

Why did the Shannon Free Trade Zone lose its special privileges in 2003?

• Due to environmental concerns

• Because of a lack of interest from companies

• Because of a decline in global trade

• Due to new international trade agreements

What continues to attract companies to Ireland despite the obsolescence of the Shannon Free Trade Zone?

• Its tropical climate

• Its large population

• Its low cost of living

• Its strategic location and educated workforce