€5.7bn investment in fossil fuels funnelled through Irish corporation tax regime

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Social justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’

Ireland’s corporation tax regime and economic dependence on multinational firms is fuelling “staggering” amounts of investment into fossil fuels and global agribusiness, the chief executive of ActionAid Ireland, an international social justice charity, has said.

Speaking on the back of a new ActionAid report, which examines Ireland’s role in financing fossil fuels and agriculture industries, Karol Balfe said that the country’s relationship with foreign investors “comes at a cost for the world’s poor” and is ...

 

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