Fahey accuses Labour of ‘jeopardising’ Ireland’s corporation tax rate

Fianna Fáil in government might have given us an unstable property boom, economic implosion, cash sucking zombie banks, and, under orders from the EU/IMF, a crippling national debt, but for Frank Fahey, Labour is the real threat to the economy.

This week Dep Fahey described recent remarks about the EU/IMF Assistance programme by Labour leader Eamon Gilmore as “reckless” and said they could “jeopardise our 12.5 per cent corporation tax rate”.

“Reckless comments by Eamon Gilmore that ‘It’s Frankfurt’s way or Labour’s way,’ send the wrong message to our partners in Europe,” said Dep Fahey, “and could threaten our corporation tax rate. Labour is in no position to issue ultimatums.”

He said that Fianna Fáil leader Micheál Martin has reiterated that the party is “totally committed” to defending the rate “which we believe is the cornerstone of foreign and direct investment” in Ireland.

Deputy Fahey said Galway is “fast becoming the innovation capital of Ireland” with the city being “the most sought after location in Ireland” for the bio medical industry.

“Goodman Medical Ireland recently announced they are investing over €1 million in their new facility and creating 125 jobs,” he said. “Genband is creating 100 new jobs and establishing €8 million in their international HQ and business services centre.

“There are now more than 8,500 people in high quality jobs, working in multinationals companies. All this could be jeopardised if Labour continues to make empty promises and idle threats


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