\"U.S.

U.S. ambassador Dan Rooney Photo by: News Photo

Dan Rooney warns Irish government not to cut corporation tax rate

\"U.S.

U.S. ambassador Dan Rooney Photo by: News Photo

America’s Ambassador to Ireland has warned the Dublin government against any increase in the corporation tax rate as it may force US companies out of Ireland.

Dan Rooney made his comments as pressure mounts from France and Germany for a common corporate tax rate across Europe.

Rooney was speaking in Mullingar at the last of the open forums he has held all across the country in the wake of his appointment to the role by President Obama in 2009.

The French and Germans want a common tax policy before the end of 2012 but Rooney is adamant that Ireland must maintain its current 12.5 per cent rate to protect American investment.

“If the corporate tax is raised, then American companies will look at the situation and say, ‘Well it is too high for us,’” said Rooney

“Ireland needs to continue with its current rate of corporate tax and realize that it is in competition with other economies.”

Rooney went on to name Poland as a real competitor to Ireland in the foreign investment stakes.

Pointing out that EU pressure was challenging the Irish government on the issue, Rooney acknowledged that Finance Minister Michael Noonan and his colleagues were actively fighting Europe.

He added: “The US Government is very interested in what is happening but from our point of view everybody has to pay their taxes.

“Ireland remains an attractive place to do business. The population is English speakers with a good attitude who are friendly and intelligent and do the job.

The Ambassador also acknowledged the threat to 750 jobs at the Bank of America’s MBNA credit card facility in Carrick-on-Shannon and described the situation there as ‘unfortunate’.

He also highlighted three major improvements in Ireland since he first landed at Shannon in the 1970s - the roads, mobile phone infrastructure and the food.

“You have great chefs here now,” joked Rooney.

______________________

READ MORE

 

Bitter row over Irish corporate tax rate between Irish leader Enda Kenny and France’s Sarkozy

US Ambassador Dan Rooney signals he will step down

 

Dan Rooney clarifies his future as US Ambassador to Ireland

US Ambassador Dan Rooney likely to depart Ireland in a year

______________________

COMMENTS

Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:


Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


You already have an account on IrishCentral! Please confirm you're the owner.


Our new policy requires our users to save a first and last name. Please update your account: