Market comment

G7 proposals will not dilute Ireland’s attractiveness for FDI

DAVY VIEW

Ireland’s attractiveness for foreign direct investment (FDI) will remain even if the G7 finance ministers’ proposals on global tax reforms are implemented. A key point is that Ireland’s main competitor, the UK, is planning a 25% corporate tax rate from 2023 and is now outside the EU single market. Also, we expect the fiscal cost will be substantially less than €2bn, especially if Ireland eventually raises its corporation tax rate to 15%.

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Jun 8 2021, 08:25 IST/BST

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