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Brexit Chief Among Concerns For Irish Executives

by Jason Gorringe, Tax-News.com, London

02 January 2018


Brexit is continuing to create uncertainty for Irish senior business decision makers, according to a new report by UCD's Smurfit School.

The publication, "The Executive Agenda" is a study of the perspectives of 225 senior executives from 180 of Ireland's largest companies, along with a series of interviews with 31 CEOs and other senior executives.

According to the report, "the major issue on the macro agenda for Irish corporate executives is the geopolitical environment," with Brexit dominating the list of concerns.

The report noted that Brexit is an issue for companies that operate both in Northern Ireland and the Republic, that have operations in the UK, or plan to expand within Northern Ireland or the UK.

The report explained that "Brexit is contributing to uncertainty that threatens to dampen demand and investment." Businesses are likewise concerned that Brexit "will add complexity to business transactions and reduce flexibility, particularly around cross-border transfers of people, products, and resources."

The implications of Brexit for staffing and procurement were also among the issues raised.

TAGS: investment | business | Ireland | United Kingdom | European Union (EU) | Europe

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