US company sets up base in Shannon

AN American company said Ireland’s low corporate tax rate “is a nice cherry on top” in its decision to establish a base here and that it hopes to make great savings from the rate.

Salt Lake City-based, ZAGG will establish a European Services Centre, creating 300 jobs by the end of 2014, in the Shannon Free Zone.

The mobile communications accessory manufacturer and distributor is preparing a €50 million investment in its new operation.