Drudge Retort: The Other Side of the News

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"However, this has a CRUSHING effect on new business formation."

Annecdote related to me in a conversation on this topic some time ago:

"Why The Beatles Created Apple Music"

From the article: "The Beatles' Apple Music was created in 1967 to bring the band's enterprises together for tax purposes, so that instead of paying nineteen and sixpence in the pound the Beatles paid only sixteen shillings (there were twenty shillings in the pound)"

As for the Ireland discussion, based on the assertion above, there should be an absolute explosion of brand-new businesses in Ireland. Not "new" businesses that were formed just to transfer an old business under them, but brand-new businesses. I don't have the time to look now, but is that what happened. My recollection is no, it was mostly existing businesses moving to Ireland to keep their profits, but I will admit this isn't something I've spent much time looking at.

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