Budget will help us attract multinational investment

The measures announced in Budget 2016 will be a boon to Irish taxpayers and the economy overall, enhancing take-home pay and giving people a bit more spending power to boost the recovery.

Importantly, from an FDI perspective, the reductions in the USC rates will enhance Ireland’s competitiveness in the intense international battle to retain and attract talent, although tax rates remain high by international standards.

Ireland has had a great track record in attracting FDI, particularly from the key US economy. The stock of investment by US companies in Ireland now stands at over $310bn.