Oireachtas Joint and Select Committees
Wednesday, 17 November 2021
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Impact of the Withdrawal of Covid-19 Measures on Business: Discussion
Louise O'Reilly (Dublin Fingal, Sinn Fein)
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I had missed that Mr. McDonnell is not well. I wish him a quick recovery. I join with others in saying he is doing the right thing and leading by example. As the adverts on the radio and television say, I thank him for not leaving the house today.
My question relates to the global corporation tax changes the Government has signed up to. This is a reversal of the previous industrial strategy predicated on a low corporation tax rate. We heard in the last month from the NCPC about the challenges we face, especially the cost of housing and the lack of supply, the lack of transport and so on. These are all challenges. Given the Government is now changing tack by signing up to a higher rate of corporation tax that indicates a change will be required to our previous industrial strategy, will Mr. Hughes outline what our current such strategy is to replace that and attract FDI, etc.?