Noonan announces tax breaks for investments in 'BRICS' countries

Finance Minister Michael Noonan has unveiled tax breaks for companies who try to invest in so-called BRICS countries - that is Brazil, Russia, India, China and South Africa.

"This measure, which is designed to place staff in the BRICS countries, will give Irish companies a physical presence in fast growing markets and enable them to make new contacts, research markets and in many cases take that first important step towards earning foreign income," commented Pat Cullen of Deloitte.