Monday, March 22, 2021

US media giants make gigantic profits in Ireland

Last year Google and Facebook earned €403 million on advertising in Ireland, while indigenous Irish media made €23 million.

While most EU States have zero rate VAT on newspapers, Ireland is one of the highest at nine per cent.

There is an urgent need for a change to defamation law in Ireland. Current rules and regulations are costing Irish media outlets large sums of money, including heavy legal costs.

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