100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
AQA A LEVEL ECONOMICS 7136/2 PAPER 2 NATIONAL AND INTERNATIONAL ECONOMY VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023£6.69
Add to cart
AQA A LEVEL ECONOMICS 7136/2 PAPER 2 NATIONAL AND INTERNATIONAL ECONOMY VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023
10 views 0 purchase
Module
AQA A LEVEL ECONOMICS
Institution
AQA A LEVEL ECONOMICS
Ireland has dropped its low-tax policy of the past 18 years, which had helped to persuade some
of the world’s biggest companies, including Google and Facebook, to site their European
headquarters in Ireland. Countries who are members of the Organisation for Economic
Co-operation and Developmen...
AQA A-level ECONOMICS 7136/2 Paper 2 National and International Economy Version: 1.0 Final IB/G/Jun23/E 6 7136/2 Monday 22 May 2023 Afternoon Time allowed: 2 hours Materials For this paper you must have: • an AQA 12 -page answer book • a calculator. Instructions • Use black ink or black ball -point pen. Pencil should only be used for drawing. • Write the information required on the front cover of your answer book. The Paper Reference is 7136/2. • In Section A , answer EITHER Context 1 OR Context 2. • In Section B , answer ONE essay. Information • The marks for questions are shown in brackets. • The maximum mark for this paper is 80. • There are 40 marks for Section A and 40 marks for Section B . Advice • You are advised to spend 1 hour on Section A and 1 hour on Section B . A-level ECONOMICS Paper 2 National and International Economy 2 IB/G/Jun23/7136/2 Section A Answer EITHER Context 1 OR Context 2. EITHER Context 1 Total for this context: 40 marks Corporation tax in Ireland Study Extracts A, B and C and then answer all parts of Context 1 which follow. Extract A Figure 1: Corporation tax rates (%) in selected European nations, 2021 Figure 2: Macroeconomic performance indicators for selected European nations, 2021 France Ireland Spain GDP at current prices ($bn) 2935 499 1202 Exports ($bn) 775 641 462 Inflation (%) 1.6 2.4 3.1 Unemployment (thousands) 3074 127 3105 Labour force (millions) 31.0 2.5 23.3 Note: Main tax rates only . Some figures rounded . Source: Official statistics, 2022 Extract B: Irish corporation tax Ireland has dropped its low -tax policy of the past 18 years, which had helped to persuade some of the world’s biggest companies, including Google and Facebook, to site their European headquarters in Ireland. Countries who are members of the Organisation f or Economic Co-operation and Development (OECD), have agreed to a minimum corporation tax rate of 15%. Initially, Ireland was one of nine countries that refused to join the scheme but they have now all agreed to do so. 5 The deal brings an end to the country’s 12.5% corporation tax rate that has applied since January 2003, which has been criticised in other EU countries and the UK, where higher corporation tax rates have applied. The new tax, which will be limited to firms with annual global reven ues of over €750m, will come into force in 2023. According to some estimates, it will cost the Irish government between €800m and €2bn a year in lost tax revenue. Multinational corporations (MNCs) located in Ireland and elsewhere, employing up to 500 000 staff, could be affected. 10 Over the years, as a consequence of its low corporate tax policy, Ireland has attracted an estimated 1000 MNCs in the technology, finance and pharmaceutical sectors, including Pfizer, Intel, Yahoo, LinkedIn, TikTok , Apple, IBM and Twitter. Such is the importance of MNCs to the Irish economy, that figures released in May showed that just 100 companies accounted for almost 80% of government tax revenue. The figures exclude those sectors closed due to the lockdown, i ncluding hospitality and travel, but showed Ireland’s reliance on MNCs for employment and tax revenue. In 2020, about 32% of all jobs in Ireland were in MNCs and those employees contributed 49% of all taxes on income. 15 20 Source: News reports, 2021
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jacklineshee00. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.69. You're not tied to anything after your purchase.
