Increase Tax Rates Cause Lower Tax Rev

People in the Irish government figured they could increase tax revenue by increasing the rate at which Ireland taxes music royalty income. What do you suppose happened: Artists who had happily housed their companies in Ireland -- paying *some* taxes -- simply fled for more tax-friendly lands. In one famous example, the Rolling Stones pay 1.6% taxes on their royalty income in the Netherlands. That's a low tax rate, but provides the Netherlands more money from the Rolling Stones than what Ireland gets: nothing.

Yet this somehow doesn't keep Mick Jagger from hating the low-tax advocate George Bush.

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