Tax revamp imperils Ireland's economy Ireland is hunkering down to battle what amounts to a major threat to its livelihood. By Liz Alderman New York Times July 9, 2021 — 8:13pm Text size Copy shortlink: On the crowded waterside quay of Dublin's Silicon Docks neighborhood, Google's European headquarters tower above the skyline. Facebook and Twitter are neighbors. The European bases of Apple, Pfizer and hundreds of U.S. multinationals are implanted around the country, symbols of the commerce produced by Ireland's famously low corporate taxes. But the model that has fueled the so-called Celtic Tiger economy for decades is in peril, as a coalition of 130 nations works to overhaul a global tax system that Ireland depends on to lure businesses looking to reduce the taxes they pay.