Fears over Kerry’s US foreign investment tax plan dismissed

FEARS that a tax imposed on US foreign investment by Democratic presidential nominee John Kerry would damage investment into Ireland have been dismissed.

However a spokesman for the IDA said it would struggle to create another 9,000 jobs this year because investment confidence in the US was still low.

Colm Donlon, spokesman for IDA Ireland, said in the Celtic Tiger period from 1995 to 2000 the economy generated up to 80,000 jobs through Foreign Direct Investment.