While always having access to the coercive arms of the state, capitalists prefer to adopt less abrasive, more PR-savvy methods when possible. This is where Kelly and the Teneos of this world come in.
Tag: Transnational Corporations
FROM TIME to time a seemingly minor event illuminates the nature of governance in a country. Such a moment occurred last month when the CEO of Apple, Tim Cook, was honoured in Dublin. There may have been a degree of electioneering on Varadkar’s part when he presented the IDA’s inaugural “special recognition award” to Cook. Nevertheless he echoed a long-held view among Ireland’s ruling business class.
Towards the end of November the Irish media published reports of comments made by Prof. Christian Kastrop, a former associate of the German minister of finance, Wolfgang Schäuble, one of the architects of the debt crisis. Kastrop now works for the Bertelsmann Foundation, a think tank sponsored by the Bertelsmann Group, one of the principal German transnational
RECENT RESEARCH on the profits declared in Ireland, and the subsequent taxes paid on those profits, should surprise no-one. It has exposed the fact that American transnational corporations made $83 billion (€74 billion) in profits here