Martin Shanahan: Ireland is still well-placed to compete for FDI

The announcements in the budget of supports and funding allocated to housing, education, childcare and infrastructural development are to be welcomed, as is the €90m aviation package to help Ireland rebuild vital connectivity

IDA chief executive Martin Shanahan: 'FDI’s performance to-date this year demonstrates both the strength of our value proposition and the resilience of the sector.'

The most noteworthy part of the Minister for Finance’s Budget Day speech, from an FDI perspective, that differentiates it from all budget day speeches in recent memory, are the new commitments around our corporation tax rate.  

The Government’s decision announced last week to increase Ireland’s corporate tax rate to 15% for the cohort of companies with global annual turnover in excess of €750m clearly represents a significant change in Ireland’s tax offering to investors.