Multinationals obscure our strong indigenous performance

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By Cormac Lucey A century ago, the North was the economically advanced part of the island. This helped unionism mobilise against nationalism: opposing a united Ireland didn’t just involve rejection of Rome rule; it was also a renunciation of economic backwardness. In the ensuing hundred years, and particularly over the past 30 years, the relative economic situation has completely reversed. This … Read More

Budget 2018 : ISME calls for implementation of Tax Institute findings

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ISME, the Irish SME Association today (May 31st) submitted its Pre-Budget Submission to Paschal Donohoe TD, Minister of Finance. The document outlines the Associations key priorities for Budget 2019. Ireland’s GDP is expected to grow by 4.1% in 2019, the third highest in Europe, behind Malta and Slovakia. This is tightening the labour market, pressurising wages, and rapidly increasing the … Read More

Italian populism could soon cloud our sunny outlook

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By Cormac Lucey Humans adapt quickly to changed reality and soon take it for granted. Spring replaces winter, and we feel that life should always be like this. We almost forget the experience of winterish conditions, or that in a few months they will return. Similarly, when strong economic recovery replaces a brush with economic depression, we take the positive … Read More

Senate attendance farce shows our second chamber is beyond reform

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Eamon Delaney Apparently, just 13 out of our 60 Senators showed up in the Seanad last week to hear Health Minister Simon Harris speak about the appalling cervical cancer scandal. This is absolutely shocking and shows a contempt for what couldn’t be a more crucial issue, right now gripping the country. About the same derisory number of Senators attended EU Commissioner … Read More

What happens when our corporate tax regime is kicked into touch?

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By Cormac Lucey What does a sports team do if its star player gets injured and is unable to play or, even worse, is forced into retirement? The simple answer is that the coach needs to anticipate such eventualities and develop a pipeline that could replace the star. The Ireland rugby coach Joe Schmidt (pictured above) has managed two great … Read More

We need a new Ray MacSharry, with steel, to enact reforms Ireland needs

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By Cormac Lucey Last week Danny McCoy, chief executive of the employer’s group Ibec, warned that excessive wage inflation could undo Ireland’s hard-won economic recovery. “Right now, we’re burning through our competitiveness in a way that’s more severe than during the Celtic tiger,” he asserted, pointing to evidence on his very doorstep. Rents on Baggot Street in Dublin 2 (where … Read More

Forget Brexit shockwaves, we should be braced for Corbyn’s entrance, stage left

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By Cormac Lucey There are many economic risks currently facing Ireland. In terms of media airtime, Brexit would seem to be the biggest. Yet, as Irish Fiscal Advisory Council chairman Seamus Coffey warned last September, the EU’s plans for corporation tax harmonisation “pose a bigger threat”. Then there are the dangers posed by the game of chicken that the US … Read More