It’s not our GDP figures that need fixing, it’s us

Another week another inversion — one of the world’s largest meat companies, JBS, signalled that it would relocate its HQ to Ireland. It also noted that this HQ company would be controlled from an office park in Herefordshire.

The reasons for this have nothing whatsoever to do with anything real, all to do with favourable tax and legal reasons.

This is unlikely to have any effect on GDP, unless of course, JBS decide to start using intellectual property and patents to start to shuffle money around, thus creating “exports” from Ireland.