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.