Also "others are not playing well either" is not a convincing argument. Ireland is on par with Cayman islands and similar tax havens on a whole another level - unlike any of the countries that you're pointing at.
Also "others are not playing well either" is not a convincing argument. Ireland is on par with Cayman islands and similar tax havens on a whole another level - unlike any of the countries that you're pointing at.
There is absolutely no doubt that the policy of encouraging foreign-direct-investment has transformed Ireland into a modern and wealthy nation. The question is whether we sold our souls to the devil to achieve that. My personal take is no, but I respect the opposing opinion.
The issue today is indeed CoL, but that is a function of the government's failure to build. We were poor before the celtic tiger, we got addicted to property, the financial crisis hit us incredibly hard, and we are not building housing nearly quick enough today, especially with the (welcome!) influx of continental europeans to Ireland as multilingual workers servicing the european market for these US companies. There's a fresh batch of emigration happening now for this very reason.