A presentation I gave on Thursday, outlining aspects of the role of the IFSC in the Irish economy, as well as aspects of Ireland’s corporation tax system.
Again, probably won’t make any sense to people who weren’t there, but at least it’s up on the web for future classes.
Certainly get the drift there all right! And the drift certainly is not in favour of the vast majority of Irish people.
Not attending the classes, but appreciative of the overview(s). ‘…Ireland is not the location in which foreign direct investment is taking place’ (Murphy, p.11). (Great piece of research btw). Interesting in the light of this: http://www.rte.ie/news/2012/0713/imports-and-exports-up-in-may-surplus-unchanged-business.html, this: http://www.rte.ie/news/2012/0712/ida-reports-best-jobs-performance-in-ten-years-business.html, and this: http://www.rte.ie/news/av/2012/0713/media-3342989.html. It is clear that the FDI model has failed (excepting for the favoured few). Why continue? Fool’s gold indeed.
“Why continue?”
Sara, have you read “Sins of the Father”? The reason FDI is important to Ireland’s economy is not tax revenues, it’s not job creation, it is all about skimming the cream off the deals that bring them in, feeding the professional class that feeds off them, the developers that build the physical infrastructure and buildings, the bankers who finance the builds, the lawyers and accountants who grease the wheels. Lazy capitalism. It’s just a form of farming, grazing the profits of the FDIs, a cash crop.