Ireland's reliance on Corporation Tax receipts

The main issue here is not whether or not Trump will find a way to incentivise these company's to leave or down size. It's that we as a country, just like 2008 have all our eggs in one basket, so when it goes wrong, and it will, we're screwed.

The Government hasn't any interest in driving indigenously created jobs. They outsource everything. Housing is outsourced to the private sector, jobs are outsourced to the US. Enterprise Ireland have more interest in a US citizen interested in setting up a business in Ireland, than they have in an Irish person doing the same. They have a can't do attitude. And rather than creating an environment where start ups can flourish, they create one that's stymied, and difficult to access funding.

When the chickens come home to roost we'll again be left with a broken economy and the begging bowl out looking for financial assistance.

Yes but they're the only ones the likes of EI are interested in. High potential, big jobs, stock market potential. If you want a resilient economy you need small privately owned companies employing between 20 and 200 people and lots of them.

I didn't say none, I said not enough. Go to any small town in Europe there will be at least 5 to 10 employers manufacturing, designing etc often far more. Go to a small city and there'll be dozens and dozens. In Ireland we have nothing like this. Galway relies on 3 or 4 factories which if they closed would decimate an entire city and county. Similar sized European towns are nowhere near as exposed as they'd need 50 or 60 mid sized businesses to fold before they'd be in trouble.

I deal alot with European suppliers, have visited alot of them from Denmark down to Italy and that is the situation across Europe whether you want to believe it or not. We might have some stability in pharma as the plant set up costs are astronomical but the rest is all tech which can disappear in the morning.

When you make nothing, you have nothing. We're little more than a clearing house, and we'll suffer badly in the long run.

I think Kermit does indeed have a point and it certainly is something to think about.

We cannot begin to imagine what Trump has in store for the world. Every day will bring new chaos with it.

I also would not go along with the argument that it would take a decade to relocate all pharmaceutical factories to the USA. This could be achieved within months.

Ireland will be in for very close scrutiny indeed, given our trade surplus.

I am not sure if Micheal Martin will be visiting Trump for St. Patrick's Day, but I certainly would not like to be in his shoes for it.

our lack of coherent planning combined with a completely dysfunctional public transport system, health system etc years and the like are products of incompetence on a grand scale from our vastly over paid staffed and inefficient public sector. The chickens are coming home to roost now.

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It takes about 2 years to even commission a pharma plant not to talk about build.

They'd need it fully built to stop or reduce the imports now under trump but it doesn't need to be finished now to screw Ireland in the future.

If pharma companies start building now, and in 4 years it's getting there with the imports still coming in then what happens?

Over those 4 years you've lots of construction and jobs going with that and it all looks good from US perspective, and then a new president is elected

If pharma companies suddenly decided under a new president that they don't need to do this anymore that's getting throw in the face of that new president.

Biden could have decided to stay in Afghanistan but he didn't.

this isnt entirely true, although it was a serious blow at the time, the waterford economy is now propped up by a few, mainly pharma mnc's such as bausch and lomb and sanofi etc….

…oh dont worry, just wait a while to see the destruction these lads will do in the states, supporters will probably eat their words!

I hope you're right and I defer to your familiarity with the pharma industry.

However, these are new times and any regulatory requirements and milestones are likely to be to simply cast aside. Just look at who is the Secretary of Health in the madhouse, sipping away on his blue elixir.

We cannot even begin to imagine the insanity that is about to be unleashed over the next four years and possibly beyond. There is nothing that cannot happen.

I do agree that they are all heavily invested here. Cant see that changing. Does it mean it won't affect corporate tax take though is another question

worst day on US stocks since covid crash with weeks of red now

Trump if anything is making Ireland a more attractive location to invest as we are not crazy