herald

Monday 20 August 2018

Tax cut in North not a threat to us -- Gilmore

A potential cut in the business tax rate in Northern Ireland to the level in operation south of the border is not a threat to the Republic's economy, Tanaiste Eamon Gilmore has insisted.

Stormont ministers are lobbying the UK Treasury for the powers to set their own corporation tax in a bid to kick-start the region's flagging private sector by making it more competitive with its cross-border neighbour.

On his first official visit to meet executive counterparts in Belfast, Mr Gilmore said a tax cut in the North should be viewed as an opportunity for the whole island.

"We don't see that as a threat at all," he said.

"I think the challenge for both of us is to work together to grow the economy north and south, that certainly is something that is very much on the minds of the Irish Government and it's something that we intend to work co-operatively on with the first minister, deputy first minister and with the executive here."

hnews@herald.ie

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