Ireland loses foreign investment edge

IRELAND is no longer a preferred location for foreign investment.

This is according to a KPMG survey on global corporate capital flows which found Ireland is not cited in any of the areas highlighted by corporations looking to invest abroad.

It said that had the research been carried out five or 10 years ago, Ireland might have expected to feature as a preferred place to invest for many respondents looking for a business- friendly, low-tax environment. However, it said today corporations are looking elsewhere, and Ireland is not cited in any of the areas covered by the study.