Sunday December 8, 2019

Taxing times for Ireland

The Irish state is facing serious reputational damage

10th April, 2016
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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