Saturday July 11, 2020

IDA will be forced to disclose grants to foreign companies

Move seen as a threat to the IDA’s position following €13 billion Apple tax ruling

Ian Guider

Markets Editor

8th January, 2017

New laws mean the IDA will have to disclose the sensitive details of payments it makes to international companies to set up in Ireland, paving the way for other countries to potentially lure away jobs.

Under European Union transparency laws, the agency will have to provide the names of companies that receive grants, how much the individual payments total and what they are for.

There is some concern among multinational firms that while there will...

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