With a firm date in the diary for the Irish General Election, Brendan Murphy, Head of Tax Baker Tilly Ireland, outlines what the next Government needs to focus on for Ireland’s business community.
Even before the election was called there were plenty of pundits wading into ‘the vision thing’ for Ireland so here are some thoughts from the partners at Baker Tilly Ireland on what the next government of whatever colour should be focusing their attentions on.
1. Foreign Direct Investment
“It’s FDI, stupid” to paraphrase a 1990s US election slogan.
We are a relatively small country – we need FDI money to keep flowing in whether it is from the US or from other parts of the world including China.
Over 80% of our corporation tax receipts and over 50% of our payroll tax receipts are generated by these companies.
That money benefits all of us – consumers, savers, workers.
We must not lose the golden goose.
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