Bruton publishes FDI Policy up to 2020
12.5% corporation tax rate to remain central to Ireland’s offering – changes to international tax system offer challenges as well as opportunities for Ireland to compete strongly in this area
Minister Bruton speaking to the media today
Ireland must improve its offering to multinational companies in the four crucial areas of talent, technology, sectors and providing great places to live and work if we are to sustain and build on current levels of FDI job-creation over the remainder of the decade, Jobs Minister Richard Bruton said today.
Minister Bruton has requested IDA Ireland to prepare a new strategy on multinational investment in Ireland to 2020, following on from their previous strategy which runs to 2014, outlining a series of targets for jobs, investments and regions and how they will be delivered.
The Minister said:
The past three and a half years have been extremely successful for Ireland in attracting multinational investment. Following a difficult number of years up to 2010, in the three years 2011-2013 we attracted an average of more than 6,000 extra jobs per year and tributes are due in particular to IDA Ireland for this performance. The indications from the first six months of this year are that investments are up significantly even on the high levels achieved in the same period in 2013. The impact of this is clear when we bear in mind that for every 10 jobs created in multinational companies, an additional 7 jobs are created elsewhere in the local economy, primarily in supply and service companies.
Minister Bruton concluded:
I am convinced that with strategic and determined action across Government and by the IDA we can sustain and beat the record job-creation we have delivered in the past three years.Read the full press release here.Read the full Policy Statement here.