The State risks losing out as a bidding war breaks out for major projects between the big countries, including huge subsidies for US companies to encourage them to invest at home
Former taoiseach Leo Varadkar spotted one of the key trends last year, when he referred to the dangers to countries like Ireland of a “subsidy war” to attract investment, with chequebooks being waved at multinationals to support new plants. But as this plays out, Ireland is looking complacent in key areas, following the large inward investment boom that followed international tax changes in 2015.
