Business Irish

Tuesday 17 October 2017

Merkel and Sarkozy should 'Politely bugger off'

Nick Webb

Nick Webb

TAOISEACH Enda Kenny should tell Angela Merkel and Nicolas Sarkozy to politely "bugger off" and stop trying to interfere with our corporate tax rate, according to Independent News & Media boss Gavin O'Reilly.

Speaking after last week's full-year results meeting, which saw INM report a 14 per cent hike in underlying operating profits and major reductions in debt levels, Mr O'Reilly said that Ireland's corporate tax rate should not be touched as part of a deal to in a bid to reduce the onerous EU/IMF bailout terms.

Independent News & Media is widely seen as a barometer for consumer confidence -- and while he was not calling a recovery, Mr O'Reilly told investors that things were not getting worse anymore. Recruitment advertising, which suffered so badly in the downturn, had actually improved, he added. Earnings are expected to improve this year.

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