Tax rates ‘important but not main reason for FDI’

Tax rates are “important” when trying to attract foreign direct investment but they aren’t the primary reason why foreign companies want to locate here according to IDA executive director, Mary Buckley.

Speaking to the Oireachtas Joint Committee on Jobs, Enterprise and Innovation about the impact of Brexit, Ms Buckley said that “in all we do, we want to be more competitive and that includes personal taxation”

“Across the board in infrastructure, education etc, we have to compete, it’s critically important,” she said.