IDA puts team in US to lobby Obama on tax

THE IDA (Industrial Development Agency) has put a team in place in the US to lobby Barack Obama on tax issues should he become president.

Mr Obama has previously said he wants to keep jobs in America and would look at taxing firms that move jobs abroad. This would be bad news for Ireland as it has always managed to win massive investment from the US as a result of its low corporation tax rate of 12.5%.

IDA chairman John Dunne said that in a US election candidates can talk one way but eventually act a different way.