Wednesday 17 January 2018

Finder’s fee of €3,000 for job creators – Taoiseach reporters

Taoiseach Enda Kenny has announced a finder’s fee for job creation by the Irish diaspora.

The plan is the harness the talents of 80 million people worldwide claiming Irish roots and encourage them to establish positions in Ireland.

The initiative, which will be announced as part of the jobs budget next week, includes a €3,000 payment per job if it is still in existence after two years.

It is hoped that small and medium enterprises will look favourably on Ireland as a good place to do business, despite the economic challenge being faced.

“It is a different version of ask not what your country can do for you. You pin-point this for the country and the country is going to respond,” Mr Kenny said. The scheme will be administered by private sector interests and the IDA.

Mr Kenny said that people up and down the country had been giving him this simple message: “Sort it out. No matter how difficult it is we want to be able to see the sunlight on the far shore.” People were yearning for leadership from a government that could make decisions and get on with the job of dealing with the crisis, he added.

“They are concerned about their families and their children and the next generation. Despite the crippling economic burden that the people are carrying there is a real sense of courage and hope.”

The Taoiseach said his message to the business people he was going to meet in New York today was that Ireland had a new Government with a difference set of priorities.

“The 12.5 per cent corporation tax rate remains. We want to build on the traditional links between Ireland and the states. We want to tell the American people and the Irish-American people that we wholeheartedly welcome the visit of President Obama here to Ireland,” he said in an interview in today’s Irish Times.

Mr Kenny also said he was pleased Queen Elizabeth had accepted the invitation of President McAleese to pay a state visit to this country. “This is an occasion where the people of Ireland can turn out and give a royal welcome to her majesty and a real Irish céad míle fáilte to President Obama.”

Mr Kenny said he was happy with the exchequer returns for the first four months of the year published yesterday which showed all tax revenues running ahead of expectations.

In a series of media interviews, Mr Kenny has reiterated that Ireland's corporate tax rate of 12.5% is not negotiable and that the country is very much open for business.

Mr Kenny said an increase in corporate tax 'would be a massive breach of trust, particularly with American foreign direct investment in this country'.

Speaking to Reuters Insiders Television, the Taoiseach that it was agreed at a recent eurozone meeting in Brussels that countries within the bailout package could have a reduction of interest rates applied to them.

Mr Kenny said that once details were finalised for a bailout for Portugal, the Irish Government could negotiate 'an interest rate reduction which would be significant in Ireland's case'.

He said that the Coalition is committed to selling €2bn worth of State-owned assets. But,any sale will be decided on the basis of which deals could add most jobs to the Irish economy.

On the banks, the Fine Gael leader said if Anglo Irish Bank needs more help that bondholders should expect to contribute.

He said: 'If a requirement comes in for further capital injection into Anglo Irish Bank, the Government will treat that accordingly.

'We would look at the question of senior bondholders in a very different light than we did when we didn't decide to burn senior bondholders with either Allied Irish Bank or Bank of Ireland.'

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