05/05/2011

Taoiseach Addresses Corporate Rate

The Taoiseach has said he would push for a lower interest rate for Ireland's EU/IMF bailout, but that higher corporate taxes would not be part of any deal.

During a visit to New York, to encourage American investment in the Ireland, Enda Kenny added that a deal had been mapped out to lower the nearly 6% interest rate. He further explained that the details would be clear when Portugal finalised a bailout package.

Mr Kenny also confirmed that the country's 12.5% tax rate was set in stone.

While in New York, the Taoiseach paid a visit to Ground Zero, and will later attend a series of meetings on Wall Street.

(BMcN/KMcA)


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