Monday 5 December 2016

From Malin to Mizen we are still too dependent on FDI for creating our jobs

Published 19/11/2015 | 02:30

Minister for Jobs, Enterprise and Innovation Richard Bruton attending at the Web Summit at the RDS gets a selfie with Volunteer Netta Huttunen from Finland.
Minister for Jobs, Enterprise and Innovation Richard Bruton attending at the Web Summit at the RDS gets a selfie with Volunteer Netta Huttunen from Finland.

As the Tim Cook and Apple Inc show rolled into town last week, the chief executive of the most valuable company in the world brought some very good news. The announcement of 1,000 more jobs for Cork was big. It came after Apple had already increased staff numbers there by 1,000 in the last 12 months.

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The other potentially significant piece of Apple news came from a comment Cook made to the Irish Independent. Referring to Apple's long relationship with Ireland he said: "We've been here through tough times and Ireland stood by us. And now we both get to enjoy the fruits of hanging with each other for a long time and growing together."

This comment came after strong speculation that a sizeable chunk of our unexpected boost in Corporation Tax revenues this year may have come from Apple booking more profits through Irish entities in its global corporate structure.

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