Corporate tax rate not our main asset: Kenny

IRELAND’S competitive corporation tax rate is not the main reason the country attracts so much foreign direct investment (FDI), according to Taoiseach Enda Kenny.

In an interview with The Wall Street Journal, Mr Kenny said that while the 12.5% corporation-tax rate was a cornerstone in attracting FDI, it is not why the country is so attractive to overseas investors.

“Foreign investors like decisiveness, they like clarity,” he said. “There isn’t confusion about Ireland’s corporate tax rate: it is 12.5%. End of story.