Source: The Irish development aid perspective

Source: The Irish development aid perspective

Brexit is increasingly like a great tsunami sending out powerful waves that eventually wash up on some distant, unexpected shore or inlet. Its impact on Irish development aid and humanitarian organisations was probably not immediately obvious to most of us but it is nonetheless real according to Dochas, the representative organisation for Irish development NGOs. In a submission to government it relayed the results of a survey of its members which found “… 76% of respondents felt Brexit would have a negative impact on their work and the sector — with 42% of respondents experiencing that impact already.” Their immediate problem is currency fluctuation which is messing up their remittances to field workers around the world. But they have deeper long-term concerns, not least about the impact of trade upheaval on developing countries. They are specifically concerned about the possible relocation of City of London financial institutions to Dublin in the context of a new ‘race to the bottom’ on corporation tax, now possibly involving a Trump-led USA. “UN figures have shown that developing countries lose more through tax dodging than they gain in aid – some $100 billion annually. It is imperative that any potential changes that may be made to Ireland’s tax or regulation practices in response to Brexit first be examined for their impact on developing countries.”