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Alison O Connor: Raising our corporate tax rate will be tough, but it s the right thing to do

Alison O Connor: Raising our corporate tax rate will be tough, but it s the right thing to do
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NYT columnist s leprechaun reference criticised as an unacceptable slur by Irish Ambassador

Updated: 16:20, 12 Jun 2021 THE Irish Ambassador to the United States has written to the New York Times to complain about a columnist s name calling and use of the word leprechaun . The paper published a column by Paul Krugman entitled Yellen s New Alliance Against Leprechauns . 2 2 Irish ambassador to the US Daniel MulhallCredit: PA:Press Association Mr Krugman originally coined the phrase “leprechaun economics” to describe Ireland’s tax policies with multinational companies. Writing in the American newspaper, he said: On paper, Ireland’s gross domestic product suddenly jumped 25 per cent, even though nothing real had changed – a phenomenon I dubbed ‘leprechaun economics’, a term that has stuck. (Fortunately, the Irish have a sense of humour.)”

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