Oireachtas Joint and Select Committees

Wednesday, 3 November 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Challenges to Ireland's Competitiveness: Discussion

Mr. Oliver Gilvarry:

We flagged it in the challenge. At more of a macro level, there was the large debate and the challenge before the OECD reform on corporate taxation was agreed. I would not say it is the one specific challenge but there has been a lot of debate on the multinational sector here and what will happen with the minimum corporation tax rate. One thing would be the levers and costs, whether insurance, legal fees, cost of credit etc., the old reliables that we talk about in the council, so that the costs of working and doing business in Ireland are managed. Those things are in our control and we should reduce those costs as much as possible. Insurance, cost of credit and legal fees are somewhat interlinked and they are one of the more immediate issues. Action that has been taken by Government need to be delivered on. The housing side is linked to that so that we do see the supply coming through and the measures in the Housing for All strategy. I would say that it would be those old reliables.