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Think Twice Before Using an Acronym for a Name

Deposit Interest Retention Tax - that's what the Irish government formally named the tax levied on interest earned in bank accounts. In practice, the government and its taxpayers call it DIRT. It must be somewhat satisfying for Irish citizens to get to pass judgment on the tax every time they invoke its name, but somehow we don't think catharsis was what the Revenue Commission had in mind when they came up with this doozy. Rather, we think it's a case of monumentally bad naming. Pre

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