Ireland’s Tax-Cutting Success Story – WSJ

European Union authorities and Treasury Secretary Janet Yellen are promoting a worldwide minimum business tax, and no surprise. High-tax nations are getting bled to death, while low-tax ones experience spectacular development.

Ireland, whose economy grew by 12.5% in 2015– faster than any other European country– is among the best tax-cutting success stories of contemporary times. The Journal just recently reported that Ireland is “swimming in cash.” It’s a vibrant example of the Laffer Curve, which reveals that lower tax rates can lead to faster development and greater earnings.