Mary Coughlan (Donegal South West, Fianna Fail)

When we talk about the budgetary framework, it is important to emphasise that this country's 12.5% rate of corporation tax has been reiterated. That is very important to this country, especially if it is to attract foreign direct investment. I accept that it will be difficult to attract further such investment. We have done that in the past on the basis of our rate of corporation tax. Our research and development tax rates are 20% and 25%. We have introduced a new taxation measure on intellectual property. That is where we want to be in this country over the next number of years.

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