The Jobs Minister Richard Bruton has denied that his US trade mission was prompted by fears of losing investment after abolishing the ‘Double Irish’ tax loophole.
Bruton is on a five day investment and trade visit to the US, the first since the Government announced plans to phase out the measure - which is used by firms like Google and Apple to dramatically cut their tax bills.
The Minister added he has been explaining corporate tax changes to American investors and has received a positive reaction.
“The IDA has had the best year in many, many years,” said Bruton.
“I’ve have just come from a meeting where there is a very positive reaction to what Ireland has done, companies are talking about increasing their investment in Ireland.”
“I am very optimistic of the future flow of investment.”