I'm a bit late in drawing attention to this - but holidays sometimes interrupt the best laid plans, and Sheila Killian's article in the July edition of The Village in Ireland is well worth reading. She addresses the problems Ireland has caused for itself by behaving like a developing nation using tax haven rules to attract transient investment to its shores and concludes:
We are now a wealthy country, with well-educated citizens. We shouldn't need to compete with poorer countries for American investment. We have grown up, in economic terms. It is time for us to develop our own innovation, foster our own indigenous base for employment and entrepreneurship, and reduce our reliance on tax competition. Such tax competition strategies worked brilliantly in the past, but are unsustainable in the future, for ourselves, and for the developing countries that more desperately need investment.