More strings to our bow than low tax
The multinational companies benefiting from Ireland's low corporation tax are, of course, being financed by the poor old Irish taxpayer.
Surely if these tax receipts were instead used to sharpen up the health service, fill in potholes and build service stations on motorways, etc, then everyone would benefit -- rather than just the usual coterie of fat-cat businessmen and trough-feeding politicians.
In any event, I can't see why increasing corporation tax would reduce the numbers of companies 'investing' in Ireland. After all, don't they always say they're setting up in Ireland because it's a "strategic hub" to Europe, has a "21st century infrastructure" and a "highly educated and skilled workforce"?