Northern Ireland corporation tax rate to be 12.5%?

Roadhawk · 24-11-2015 06:06PM #1

The North will have its own 12.5pc corporate tax rate from 2018. This means that it will compete harder against the Republic for FDI projects. What does this mean for FDI in the Republic of Ireland?

Does it make more sense to locate in the North because of the strength of the GBP£ ?

errlloyd · 24-11-2015 06:10PM

Build plant literally on border.
Change fax residency as currency suits
?????
Profit

Roadhawk · 24-11-2015 06:38PM

When it changes do we have any other competitive advantage? could be a serious amount of jobs gone from multi nationals if it takes off.

errlloyd · 24-11-2015 06:47PM

Roadhawk wrote: »

When it changes do we have any other competitive advantage? could be a serious amount of jobs gone from multi nationals if it takes off.

English speaking, euro using, politically stable, decently educated workforce. We have a great climate for server farms (cool and wet).

L1011 · 24-11-2015 07:37PM

Roadhawk wrote: »

When it changes do we have any other competitive advantage? could be a serious amount of jobs gone from multi nationals if it takes off.

Eurozone. Chances of a bomb scare at your workplace far lower (not nil, as we saw with the tit and Intel). Far less chance of HR nightmares when you realise some of your staff really, really, hate some of your other staff. Less disruption from protests.

There are more. NI is not a great place to invest and lowering the corporation tax won't change much. Expect Scotland to be hot on its heels demanding the same rights, and expect them to be a much bigger adversary for future FDI than NI.

Northern Ireland corporation tax rate to be 12.5%?

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