Unpeeling the Controversial History of Bananas
On Friday, shareholders for banana empire Chiquita will vote on a merger with European fruit distributor Fyffes, a decision that would create the world’s largest banana-selling company, to be headquartered in Ireland. Not because bananas grow plentifully in County Cork or the hills of Connemara, or because bananas are replacing potatoes anytime soon. It’s more likely because Ireland has among the lowest corporate tax rates in the banana-eating world.
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