Friday, November 22, 2024

Is the tide now turning on Ireland’s FDI miracle? Infrastructure deficit is the biggest threat to prosperity

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With Amazon investing €35bn in Europe and none of it here, is FDI at an inflection point?

If we do not get the delivery of infrastructure right, then who knows what will happen? Photo: Getty

Ireland’s industrial policy is at a crossroads, with warnings that our waning corporate tax advantage – alongside a growing infrastructure deficit – poses a big challenge to the FDI sector that has propelled the economy for decades.

The decision by the European Court of Justice to order tech giant Apple to pay almost €14bn in tax due to Ireland has brought renewed focus on the sector – but it may not be the biggest challenge it faces.

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