UK move to slash tax rate ‘a real concern’

Taoiseach Enda Kenny has said the UK’s intention to slash its corporation tax is of significant concern to the Government.

British prime minister Theresa May earlier this week promised to make the UK’s corporation tax rate the lowest of the G-7 Group of countries, which could severely impact on Ireland’s attractiveness for Foreign Direct Investment.

In the Dáil, Mr Kenny said that while his Government is in the dark as to what exact form Brexit will take, the pronouncements from Ms May are worrying.