What makes Ireland attractive for FDI? As the former general manager of Genzyme’s Waterford site, Pat O’Sullivan explains that a longstanding 12.5% corporate tax rate (that isn’t going anywhere) is one factor, but it doesn’t end there.
Talent: “The first factor is the excellence of the workforce, which is highly qualified thanks to the superb third-level and post-third-level education offered in this country.”
Tax Rate-Plus: “The second factor is that ‘Ireland Inc.’ is a highly attractive place to do business. Companies operating here receive a great deal of support from the state, channeled through a network of government agencies and tax incentives.”
Track Record: “The third factor is our excellent regulatory track record. Ireland has not received a warning letter from the FDA in the last decade.”
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