Thursday 21 September 2017

US firm praises Ireland for swallowing 'bitter pill'

Eimear Ni Bhraonain

A US company with 2,200 staff in Ireland has praised the country for swallowing a "bitter pill" early on to combat the economic crisis.

Financial services firm State Street employs 29,000 people in 26 countries worldwide -- but vice-president Joe Antonellis yesterday singled out Ireland as an "excellent place to work".

State Street has offices in Kilkenny, Naas, Drogheda and Dublin. Speaking during a visit to Kilkenny where he was honoured with a civic reception to mark 10 years in the city, Mr Antonellis said Ireland was a "pro-business country".

"The attraction as a country is the people. The education, the business environment, their attitude and a combination of things."

He agreed the 12.5pc corporate tax regime was part of Ireland's attraction.

Environment Minister Phil Hogan told the Irish Independent that the Government made it clear to Europe that the low corporate tax rate would remain.

"I think the Taoiseach made it quite clear, he is not prepared to negotiate any change in the 12.5pc," he said.

Irish Independent

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