Overview
- Policy Exchange released Peak Ireland with a foreword from former US National Security Adviser Robert O’Brien, arguing Ireland’s once‑privileged standing with Washington is under strain.
- The report highlights defence spending of about 0.2% of GDP and notes Irish waters host roughly three quarters of northern hemisphere undersea cables, underscoring security underinvestment.
- It says ten US multinationals account for about 60% of Ireland’s corporate tax revenue, leaving Dublin exposed to US reshoring efforts and tax policy shifts.
- CityAM’s analysis, drawing on the report, estimates the US Treasury could recoup over $30 billion if income were reshored and contends US and UK taxpayers are effectively covering related costs.
- The study advises the UK not to replicate Ireland’s approach and to align more closely with US priorities across trade, defence and foreign policy, while no formal US government action has been reported.