Ireland is enjoying an unprecedented boom in corporate tax receipts, with tens of millions from multinationals and the tech and pharmaceutical sectors helping to create a huge government budget surplus. While the government predicts that its annual surplus will rise to an incredible 20 billion euros in the next few years, some of that boom will certainly be temporary as corporate giants shift their profits around the globe. So, what happens after the gold rush?
Leo Clancy is the CEO of Enterprise Ireland, the government agency tasked with helping indigenous Irish businesses grow and export, with the goal of creating a more sustainable domestic economy. He previously worked on the management team at Ireland’s Industrial Development authority, which has spent decades attracting foreign direct investment into the country. In front of a live audience at Ireland’s Edge Leo spoke to Muireann Kelliher about his own career and the prospects for Irish business in the economy.