IDA chief warns that Ireland must do a ‘huge amount’ to remain attractive after tax deal

In a stark warning to the coalition, Shanahan said the government must grapple with a range of issues from the housing crisis to potential energy shortages to remain competitive

10th October, 2021
IDA chief warns that Ireland must do a ‘huge amount’ to remain attractive after tax deal
Martin Shanahan, chief executive at IDA Ireland: The country’s issues ‘have to be addressed for citizens as much as for FDI, but it’s clear that Ireland is attractive and that attractiveness in part relates to the experience of the investors who are already here’

Ireland has a “huge amount” to do to remain competitive in attracting overseas investment, the head of the IDA has warned following the government’s decision to relinquish the country’s long-held 12.5 per cent corporation tax rate for multinationals.

Martin Shanahan, the chief executive at IDA Ireland, said the country remained competitive and attractive to foreign multinationals as evidenced by an “extraordinarily strong” flow of investments this year which had recovered...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

‘Offsetting measures’ needed to make up shortfall from shift away from 12.5% corporate tax rate

Tax Peter O'Dwyer 5 days ago

Tom Maguire: Multinationals must face brave new world ushered in by EU tax reform

Focus On Tom Maguire 6 days ago

The last stand: how Ireland finally conceded its long-cherished 12.5 per cent tax rate

Tax Peter O'Dwyer 6 days ago

Brian Keegan: Budget set to restore the ‘Reynolds equilibrium’

Tax Brian Keegan 6 days ago