Reforms to international business taxes are in the pipeline both at EU, OECD, and national levels. We lack the level of accumulated local capital, a pro start-up enterprise banking system, or the sort of education that fosters entrepreneurship. The recent survey of entrepreneurship in Ireland, carried out for Enterprise Ireland, reveals that one-in-nine entrepreneurs promote an idea that is medium- or high-tech-related. Ireland should be attracting many more individual entrepreneurs, returned Irish or non-Irish, into the economy. The explanation is, in large part, a political and cultural one — a distrust of the local business people inclined to get too big for their boots.

Source: Irish Examiner October 14, 2019 05:03 UTC