Many U.S.-based multinationals are finding luck with Ireland’s low corporate tax rate—and that 12.5 percent rate has been a pot of gold for the Irish economy as well.

“Tax competitiveness has brought our country the only prosperity we’ve known,” @U2 says.

In 2015, the Irish economy was estimated to have grown by 26.3 percentthrough foreign companies opening operations and providing high-paying jobs, including about 700 U.S. companies currently operating in the country.

The Irish corporate tax rate is about half the average for other countries in the Organization for Economic Cooperation and Development, which comprises 34 developed nations.

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