Atlanta Fed predicts -2.8% GDP

Re:Atlanta Fed predicts -2.8% GDP by arunabha on Monday March 03, 2025 @04:20PM (#43246902)

I hear the standard practice is to have the IP of the poem owned by a foreign entity(Ireland is pretty popular) and then for the US entity to pay a royalty of $50 trillion to the foreign entity so that the net revenue in the US is zero.

I believe it has it's own name - The double Irish.

[ Parent | on HN ]

Re:Atlanta Fed predicts -2.8% GDP by ummonk on Monday March 03, 2025 @04:29PM (#43247010)

Yeah but then that only contributes to the GDP of Ireland, not the US.

Not coincidentally, Ireland has one of the highest GDP per capita in the world.

[ Parent | on HN ]

Re:Atlanta Fed predicts -2.8% GDP by lotsofpulp on Monday March 03, 2025 @04:45PM (#43247208)

This only works within the European Union because the EU rules allow it.

It would not work between the US and Ireland.

[ Parent | on HN ]