Michael Lohan more concerned at State’s infrastructure shortfall amid growing international competition for foreign direct investment
IDA Ireland chief executive Michael Lohan told the Dublin Economics Workshop that multinational clients had not been alarmed by Apple tax judgment. Photograph: Conor McCabe“Clients aren’t raising it at this juncture,” he told the annual meeting of the Dublin Economic Workshop in Wexford.
Mr Lohan was speaking the wake of the ruling which upheld a previous determination by the European Commission that the iPhone giant owed Ireland €13 billion, plus interest, in back taxes. The ruling ended a long-running legal wrangle between Apple and Brussels that once again placed Ireland’s tax regime in the spotlight.
Some countries were offering investors up to 50 per cent of their capital costs up front for locating there, he claimed.
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