What if the people who benefit most from FDI are the tax services sector?
If our national accounts are being distorted by the tax-avoiding strategies of multinationals, then our policymakers are making decisions based on terrifyingly unreliable data
Once again, Ireland is in the spotlight having been accused of being a tax haven.
Last week, researchers at the International Monetary Fund (IMF) and the University of Copenhagen published a research note that claimed almost 40 per cent of the stock of global foreign direct investment (FDI) is phantom. It is a stock of capital that large multinationals move within companies that are incorporated within themselves. It is called FDI because that’s ...
