Oireachtas Joint and Select Committees

Wednesday, 26 January 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Strategy, Targets, Achievements and Future Progress: IDA Ireland

Photo of Ollie CroweOllie Crowe (Fianna Fail)
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I thank Mr. Shanahan and his colleagues for attending the meeting. I offer them a sincere "Well done" on their recent accomplishments. To have the highest employment creation figures ever in a single year would be a noteworthy accomplishment at any time, but it is all the more so given that it happened in the midst of a global pandemic.

On the issue of future aims and in the context of job creation, what impact do our guests expect the global minimum tax rate to have? Obviously, there is a host of factors companies consider when deciding in which country they will set up.

Ireland has many other very strong selling points, including, thankfully, a highly educated population, as we are all aware. Notwithstanding that, I presume that the tax changes will reduce Ireland's attractiveness to some extent. In what way does Mr. Shanahan envisage dealing with that?