Sunday July 12, 2020

Taxing times for Ireland

The Irish state is facing serious reputational damage

10th April, 2016
4
Margrethe Vestager, EU competition commissioner

It would be the biggest company in Ireland, worth close to €140 billion. Its sales would be an eye-popping €56 billion, throwing off €22 billion in cash, employing 110,000 people and developing life-changing medical treatments. It would also, of course, be a fictional Irish company, with decision-making really taking place elsewhere.

And that was why the American government moved to scupper the mega-merger between Pfizer and Allergan. There has been no doubt since the deal was...

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