To be replaced by the Irish tax department making direct deals that are essentially the same. But ONLY for specific companies (principle: big multinationals don't pay tax at all, local companies get big tax raises. Irish companies are dying, multinationals are moving to Ireland)

https://taxsummaries.pwc.com/ireland/corporate/tax-credits-a...

In case anyone wonders: this means the FANG companies don't pay tax in Ireland if they hire enough people in Ireland, which has famously high income tax. It is, in other words, effectively a massive tax increase on the employees while actually reducing total tax income in the EU compared to the "double dutch sandwich".

Note that Ireland signed at least 2 international treaties that they weren't going to do this (OECD minimum tax treaty, EU tax treaty). Of course, there are no consequences to this.

The response to is that EU is exploring company-tax-per-transaction which is so incredibly bad in the massive administrative burden it will generate. It's not final, but it will mean that for every transaction done companies will have to keep (PER transaction) pieces (plural) of evidence for what country they happened in. Every single transaction.

https://joint-research-centre.ec.europa.eu/projects-and-acti...

Lots of governments give tax exemptions to selected industries (film comes to mind) or even companies (Foxconn/TSMC); I don’t support this behavior, but I don’t see what makes Ireland special in this regard.