As Ireland looks to consider the tough terms of an international bail-out package, it’s low business tax which has attracted around 1,000 multinational corporations, emerges as one of the chief reasons for its dire financial situation. It’s all good and well to attract business in order to stimulate jobs etc, but if the state doesn’t change the terms on a gradual basis in order to earn enough revenue from their presence, then it becomes a long term loss leader – with awful consequences.
