Intel Gets Go-Ahead For $4 Billion Chip Plant In Ireland 104
alancronin writes "Intel has been planning to make its Ireland base one of three global manufacturing sites for its 14nm chips since May last year, and its now been given the okay by Ireland's lead planning agency. The new $4 billion plant will create around 4,300 jobs for the region in Co. Kildare, where Intel already has around 4,000 on staff. The two-year plan involves redeveloping its existing operation, expanding and shifting to make its smaller, more efficient 14nm process. Intel's plans don't stop there, however. It still plans to roll out 10nm products sometime in 2015."
Re:well, good. (Score:4, Interesting)
Ireland's tax rate on trading income is 12.5% the average effective corporate tax rate in the US is 27%. However, that 12.5% pays for universal health care for the workers (paying 80% of health care costs). It is far more likely that lower wages AND benefit costs are the deciding factor instead of taxes. Businesses will gladly pay more in taxes if it means they can get rid of a huge cost they have little control over (benefits account for as much as 40% of one's wages and health care is the largest portion of that).