#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 1°C Saturday 26 September 2020

Richard Bruton: I'm not worried about Northern Ireland cutting corporation tax

“We will compete and continue to compete hard.”

Image: Sasko Lazarov/Photocall Ireland

RICHARD BRUTON HAS said he is not worried about the possibility of Northern Ireland cutting its rate of corporation tax.

The UK’s Chancellor of the Exchequer George Osborne has backed the devolution of corporation tax powers to Northern Ireland’s Assembly.

He said the devolution was dependent on a successful outcome of the negotiations aimed at resolving issues such as including flags and parades.

The current tax rate paid by businesses in Northern Ireland is 21% and the government has been pushing to lower it to match the 12.5% in the Republic.

Speaking before the announcement, Jobs Minister Bruton said he would welcome the move and is ready to “compete hard”.

“More power to them, we thrive on competition.

“Any day I go into a board room you know that the Dutch or British or someone is going to be in there behind you pitching and that is part of international business. But anything that’s good for the Northern Ireland economy is good for the economy here … We will compete and continue to compete hard.”

Speaking in Dublin today, Bruton also welcomed the fact that 144,645 people left the Live Register in the last 12 months.

He said the Government had created some 80,000 jobs since coming to office and would “comfortably exceed” its target of 100,000 jobs by 2016.

Bruton noted that growth in exports was moving into the domestic sector, with more jobs being created in construction and retail, “sectors that traditionally employed people that have been displaced by the crash”.

Despite this, he warned there was “no room for complacency”.

Northern Ireland may soon be allowed set its own corporation tax

Turns out Ireland was telling the truth about company taxes. Unlike nearly everyone else…

The dole queue has shrunk to a post-recession low… And Joan Burton’s happy

About the author:

Órla Ryan

Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel