About: Modified gross national income

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Modified gross national income, Modified GNI or GNI* was created by the Central Bank of Ireland in February 2017 as a new way to measure the Irish economy, and Irish indebtedness, due to the increasing distortion that the base erosion and profit shifting ("BEPS") tools of US multinational tax schemes were having on Irish GNP and Irish GDP; the climax being the July 2016 leprechaun economics affair with Apple Inc.

Attributes	Values
rdf:type	Thing
rdfs:label	Modified gross national income (en)
rdfs:comment	Modified gross national income, Modified GNI or GNI* was created by the Central Bank of Ireland in February 2017 as a new way to measure the Irish economy, and Irish indebtedness, due to the increasing distortion that the base erosion and profit shifting ("BEPS") tools of US multinational tax schemes were having on Irish GNP and Irish GDP; the climax being the July 2016 leprechaun economics affair with Apple Inc. (en)
differentFrom	Gross national income
rdfs:seeAlso	Leprechaun economics CAIA arrangement Double Irish arrangement
foaf:depiction
dcterms:subject	Gross domestic product Economy of the Republic of Ireland Taxation in the Republic of Ireland National accounts
Wikipage page ID	57057728 (xsd:integer)
Wikipage revision ID	1088767153 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital allowance Base erosion and profit shifting Department of Finance (Ireland) Paul Krugman Revenue Commissioners Intellectual property Tax inversion Post-2008 Irish economic downturn Corporate haven Corporation tax in the Republic of Ireland Massachusetts Institute of Technology Put on the green jersey GDP Gabriel Zucman MIT Sloan School of Management Leprechaun economics BEPS Central Bank of Ireland Central Statistics Office (Ireland) Gross domestic product Irish Fiscal Advisory Council Economy of the Republic of Ireland Taxation in the Republic of Ireland EU illegal state aid case against Apple in Ireland Economy of the Republic of Ireland Feargal O'Rourke Celtic Tiger Gross national income Ireland as a tax haven James R. Hines Jr. Tax haven National accounts Economic and Social Research Institute Double Irish Double Irish arrangement Apple Inc Philip R. Lane Gross domestic product Gross national product PwC Royalty payments Intangible assets National Treasury Management Agency OECD Tax havens Eurostat Disposable income Contract manufacturing
Link from a Wikipage to an external page	http://www.cso.ie/en/csolatestnews/eventsconferencesseminars/resrg/
sameAs	Modified gross national income Modified gross national income
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thumbnail	wiki-commons:Special:FilePath/THE_CENTRAL_BANK_OF_IRELAND_(NEW_HEADQUARTER_BUILDING_ON_NORTH_WALL_QUAY)-_ALONG_BOTANIC_AVENUE_(JANUARY_2018)-135339_(27856990779).jpg?width=300
has abstract	Modified gross national income, Modified GNI or GNI* was created by the Central Bank of Ireland in February 2017 as a new way to measure the Irish economy, and Irish indebtedness, due to the increasing distortion that the base erosion and profit shifting ("BEPS") tools of US multinational tax schemes were having on Irish GNP and Irish GDP; the climax being the July 2016 leprechaun economics affair with Apple Inc. While "Inflated GDP-per-capita" due to BEPS tools is a feature of tax havens, Ireland was the first to adjust its GDP metrics. Economists, including Eurostat, noted Irish Modified GNI (GNI) is still distorted by Irish BEPS tools and US multinational tax planning activities in Ireland (e.g. contract manufacturing); and that Irish BEPS tools distort aggregate EU-28 data, and the EU-US trade deficit. In August 2018, the Central Statistics Office (Ireland) (CSO) restated table of Irish GDP versus Modified GNI (2009–2017) showed GDP was 162% of GNI (EU-28 2017 GDP was 100% of GNI). Ireland's public differ dramatically depending on whether Debt-to-GDP, Debt-to-GNI* or Debt-per-Capita is used. (en)
prov:wasDerivedFrom	wikipedia-en:Modified_gross_national_income?oldid=1088767153&ns=0

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