Friday 28 July 2017

Ireland's 'comprehensive and consistent tax policy' will not change, Taoiseach

Taoiseach Enda Kenny. Photo: Ben Pruchnie/Getty Images
Taoiseach Enda Kenny. Photo: Ben Pruchnie/Getty Images
Dearbhail McDonald

Dearbhail McDonald

Taoiseach Enda Kenny has vowed that Ireland's "comprehensive and consistent tax policy" will not change.

Mr Kenny was addressing more than 50 ceo’s and executives from major multi nationals at an IDA dinner at a the World Economic Forum in Davos.

"Ireland will continue its pro-enterprise policies which have been the corner stone of our economy for many years," said the Taoiseach at the oversubscribed IDA dinner.

"Ireland is prepared and work is well under way for the challenges posed by Brexit," Mr Kenny told the group of existing and target investors.

"We have an open, educated workforce. We will be the only English speaking country in the EU and will remain a member of the Union.

"Leadership is about courage. The courage to sometimes make decisions and sometimes the courage to say no. When you look back at where we as a country have come from a few short years ago, it has been a remarkable journey.

"Now we face a fresh set of challenges".

The Irish delegation at Davos has played down the question of Ireland's corporate tax regime and pressure in Europe to move towards a common, consolidated corporate tax base (CCCTB) in the wake of the €13bn Apple tax ruling which the Government is appealing.

Instead the delegation, including Finance Minister Michael Noonan and IDA chief executive Martin Shanahan, have been telling investors that Ireland is a stable proposition post Brexit and capable of attracting more, not lest FDI into the country when Britain leaves the single market.

Speaking after the dinner, Martin Shanahan said: "We've never had more people employed in FDI companies in Ireland - it was fantastic to have so many senior decision makers from different industries in the room tonight to hear, first-hand, why Ireland is such a great place to invest."

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