With large losses last year, the Axis centre’s reserves will be gone by the middle of next year, says its voluntary chair Declan Dunne – unless something changes.
A government-backed effort to regenerate the area has been asking big firms at the International Financial Services Centre to hire locally. So far, it’s had limited success.
Banks are under-reporting profits where they actually carry out much of their work, while they are over-reporting them in those tax regimes that offer them the most favourable treatment. Ireland, of course, features prominently.
Dublin is a key hub in a web of labour-undermining schemes. It functions as a crucial “flying column” attacking labour and servicing capital in the EU.
Powerful folks in suits knocked back whiskey and talked about hundreds of millions of euros of investment they hope is going to flow into the Liberties in the coming years, transforming the neighbourhood.
