The Legacy of Low Taxes in Ireland

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The legacy of low taxes might finally be reversing. Just a couple months ago, ireland relented and sinon to a landmark tax agreement that will see it implement a higher corporate tax rate for large corporations. And i don't think our lind has anything to fear, because we are in mature, advanced country with the best acknowledge and the best skills. A manageable tax, reasonable tax is part of our apparatus, but only one partoof our apparatus now - not even the most important.

On the west coast of Ireland, on the banks of an estuary dividing county Limerick from county Clare, lies a small town called Shannon. But Shannon is not a quaint fishing village or farming community. Its industry is its airport. And Shannon Airport is big. It handles up to 1.7 million passengers and 20,000 flights a year, most of them from other countries. It looks like a cosmopolitan international airport, but it has a unique claim to fame: the world's first airport duty-free store.

Today, the store has what you would expect -- designer perfumes, jewelry and various fine foods, with a lot of local (in this case Irish) products in particular. But like the area around the airport, the shop started out small, with a local boy from the area who would go on to change the world of tax-free commerce in and beyond Shannon.

Call of Duty: Free