Terence Flanagan (Dublin North East, Independent)
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50. To ask the Minister for Finance his views on a matter (details supplied) regarding corporation tax; and if he will make a statement on the matter. [10599/15]

Michael Noonan (Limerick City, Fine Gael)
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In the first instance, this is a matter for the Northern Ireland Authorities and the Westminster Government.

However, as I have outlined in recent answers to similar questions, it is well known that Ireland is a supporter of fair tax competition and the OECD has consistently stated that a low corporation tax rate combined with a broad base is the best way to encourage economic growth, while still maintaining tax revenues.

Ireland would be fully supportive of any measures which would make the Island of Ireland, as a whole, more competitive but a low stable corporate tax rate is only one piece in the competitiveness jigsaw.

A reform of the Northern Ireland corporation tax rate has the potential to generate benefits on both parts of the island.