2020 will be the year the world collectively wakes up. We will wake up to the toxic relationship that exists between the very large firms who weave their way through the patchwork of jurisdictions in search of ever-lower taxes, and the states that benefit from this deeply unjust behaviour. The changes that will be brought about in the name of distributive justice will have huge consequences for Ireland. We will also wake up to the nature of intangible capital, and the role it plays in our small open economy. For me, the key change of the last decade was the…
The digital economy is deeply involved here. The value on their balance sheets of Apple, Google, Facebook, and many companies like them, are almost entirely defined in intangible terms.