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Kenny Highlights Opportunities In Ireland For US Firms

by Jason Gorringe, Tax-News.com, London

17 March 2014


Prime Minister Enda Kenny has described the 12.5 percent corporate tax rate as a "cornerstone of the offering of attractiveness that Ireland has," telling the US Chamber of Commerce that the country is open for business.

Kicking off his St Patrick's Day visit to the US, Kenny described Ireland as a small country with a big message.

He admitted that when he took the reins of government, Ireland was in serious difficulty, but stressed that it has made great strides toward prosperity. Going forward, Kenny believes that "if everybody takes off their jacket, rolls up their sleeves and puts their shoulder to the wheel, there's not a challenge we cannot meet. This is an economic challenge and we've come a long way."

Kenny also took the opportunity to emphasize the need for a constructive dialogue on any concerns other states may have about Ireland's corporate tax rate. Although the rate has been the subject of tense debate in the US Senate, Kenny pointed out that Ireland does not meet any of the criteria used to define tax haven status.

Promoting Ireland's business-friendly attitude, he told attendees: "If you've got a problem, you have an issue or anxiety or concern or a proposition I want to hear it. My number is a public number you can call me anytime," he said. "For American business and American investment in our country, you have an open door to Government. Because it's in [the] Government's interest to see that these obstacles are removed and opportunities are created for people to live and work and grow our economy. That is an invitation, it is open to everybody," Kenny added.

TAGS: compliance | tax | investment | business | tax compliance | Ireland | tax avoidance | tax incentives | corporation tax | tax planning | tax rates | United States | Tax | Tax Evasion

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