Dáil debates

Wednesday, 2 November 2005

2:35 pm

Photo of Eamon RyanEamon Ryan (Dublin South, Green Party)

I thank the Leas-Cheann Comhairle and apologise to the Minister for being slightly late to ask the question.

I want to broaden the matter. We have been remarkably successful as a location for foreign direct investment. I am querying whether the success of that policy is possibly being threatened by a different perception of it, specifically within the European Commission's rules. We have seen the difficulties in getting certain projects in Intel and others developed. Is that a signal from the Commission or from the European Union of a change of policy on Ireland's policy in this area? Given the failure of other countries to attract similar levels of foreign direct investment and given the concern about our lower tax rate, even though I would contend that their effective tax rate due to reductions for research and development and other expenditure may be as low, if not lower, than ours, does the Minister sense that there is a political problem for this State in dealing with the European Union or with our European colleagues in terms of attracting support for our policy, particularly for having applications for capital grant support accepted, as in this case?

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