O’Keeffe: Corporation tax rate will not change

IRELAND’S low corporation tax will not change in the upcoming budget, according to Enterprise Minister Batt O’Keefe.

He said that the foreign direct investment (FDI) pipeline for Ireland’s two largest markets, Britain and US, is strong in the near term and it is important that Ireland retains confidence in the enterprise economy which is showing very encouraging signs of recovery.

“FDI generates more jobs per head of population in Ireland than in any other country and Ireland was the only country in the eurozone, bar Germany, to record an increase in export activity in the first half of this year,” he said.