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Ireland now has the lowest tax-to-GDP measure across 30 European countries, new figures from Eurostat have shown. The metric is calculated by dividing the tax revenue collected by the Government from the gross domestic product (GDP). When tax revenues grow at a slower rate than the GDP, the ratio falls, and the metric is sometimes used to identify low tax economies, although given the importance of multinationals to the Irish economy, it can be difficult to compare Ireland with other economies.