David Chance: Ironically, Ireland’s tax windfall is stamped ‘Made in America’
Finance Minister Michael McGrath may well have enough to start a second wealth fund. Photo: Thierry Monasse/Getty Images — © Getty Images
David Chance
It really doesn’t matter whether you call Ireland the “biggest tax haven in the world” or whether you use the less freighted term ‘investment hub’, the State’s sudden embarrassment of riches has little in common with finding oil at the bottom of the garden and everything to do with half a century of industrial policy centred on foreign investment onto which were grafted schemes to enable aggressive tax shifting by multinational firms.