Investment tax carrot at mercy of the EU

YOUR columnist Hermann Kelly (Irish Examiner, March 23 is absolutely correct when he says low corporation tax was one of the linchpins of our economic success in recent years.

International companies set up here because it was very profitable to do so and they’ll remain here for as long as it stays that way.

And it will be stay that way as long as our corporation tax rate remains low. But it will only remain low while the EU permits, and this is where things could begin to get really nasty for us.

The EU is pushing to change our corporation tax to bring it into line with all other European states, and this is very bad news indeed for Irish workers.

Mr Kelly’s article makes very clear what is going on and I urge every concerned citizen to get hold of a copy of it. But we can live with any economic changes provided we preserve our constitutional right as a sovereign, independent, democratic nation.

Nora Bennis

16 Revington Park

North Circular Road

Limerick