‘The whole world is upset with Ireland over its unfair corporate tax system ’

Former IMF mandarin Ashoka Mody warns that our reliance on multinationals carries risks if there is another downturn

Ashoka Mody, former assistant director at the International Monetary Fund (IMF)Picture: Fergal Phillips

The former head of the IMF’s mission to Ireland has called for a radical restructuring of the country’s economy, saying that the state is too reliant on multinationals.

Ashoka Mody told this newspaper that Ireland will come under increasing pressure to reform the way it taxes, raising the risk of a slowdown in foreign direct investment. He said this meant that the state would not recover from another recession - a recession he ...