Oireachtas Joint and Select Committees

Thursday, 15 July 2021

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance and Minister for Public Expenditure and Reform

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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There are two advantages that I think are very important. First, the massively changed levels of skill, productivity and education in our economy and society in recent decades have had a gigantic influence on our ability to attract and retain foreign direct investment and to grow good businesses at home. Second, Ireland's place in the European Union post Brexit, our position as full members of the Single Market and the advantages that continues to offer us as a bridgeway for global companies and investors to sell their goods and services into the European Union. I agree that our competitive tax policy and tax rate continue to be important but are now one pillar of many in the proposition we offer to encourage investment and employment in the Irish economy.