Wednesday 26 July 2017

Ruling risks our hard-earned ties with US

'Ireland is now a global leader in ICT, data, financial services and life sciences' (stock photo)
'Ireland is now a global leader in ICT, data, financial services and life sciences' (stock photo)

Mark Redmond

The conclusion by the EU Commission that Ireland granted illegal state aid has put Ireland, the EU and US-EU relations at the top of the global agenda. How important is it for Ireland that this conclusion is challenged?

It is absolutely vital - for this country's reputation, for maintaining growth in our economy, for the continued delivery of high quality jobs and for continuing to attract top US multinationals to Ireland. Ireland's reputation as a great place to create high-value jobs and conduct business has been built on key pillars that include a highly-skilled workforce and certainty in tax policy.

Ireland simply cannot afford to have its tax policy and administration second-guessed in a retrospective fashion - businesses cannot make investment decisions in such an environment.

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