Thursday 8 December 2016

US city's 5.5pc corporate tax lure for Irish firms

Published 27/09/2016 | 02:30

Ronnie Foreman, managing partner, Foreman Consultants (centre) with left TJ Malone, ceo of Actavo, and Jerry Mallot, president, JAX USA Partnership, at the JAX USA Partnership presentation to Irish businesses in Dublin’s Shelbourne Hotel
Ronnie Foreman, managing partner, Foreman Consultants (centre) with left TJ Malone, ceo of Actavo, and Jerry Mallot, president, JAX USA Partnership, at the JAX USA Partnership presentation to Irish businesses in Dublin’s Shelbourne Hotel

The Jacksonville Chamber of Commerce has courted Irish companies looking to expand into the US in a bid to get them to set up offices there.

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The Florida city's chamber met with around 20 companies in the Shelbourne Hotel yesterday to discuss the possibility of setting up in the Sunshine State.

Among the incentives for Irish businesses are a 5.5pc corporate tax rate and a 0pc personal income tax rate. The 5.5pc rate is generally restricted to larger firms.

Jerry Mallot, president of the JAXUSA partnership, a non-profit division of the chamber, said he was looking to set up market opportunities here and in the UK.

"We aren't expecting companies to move here but to grow and expand there. The right way to do business in the US is to have some sort of an office or manufacturing as part of what you do there," he said.

Irish Independent

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