Budget 2020: stability and sustainability amid Brexit uncertainty

  • Release Date: 08/10/2019
The American Chamber of Commerce Ireland welcomes the restatement by Government today of Ireland’s commitment to the 12.5% corporation tax rate.
The American Chamber welcomes the strong focus on education, innovation and skills in Budget 2020. These measures include continuation of the R&D tax credit for companies, the announcement of an additional €10 million for the Disruptive Technologies Innovation Fund, an increase in funding for third level institutions and the announcement of an extra €2 billion in funding for the Department of Education and Skills.
The Chamber welcomes the importance placed on sustainability within the budget and supports the ambition set out to place Ireland at the forefront of countries using technology in the delivery of public services.
Mark Redmond, Chief Executive, American Chamber of Commerce Ireland, said:
“The Government and all those party to confidence and supply agreement have demonstrated great stability in bringing together Budget 2020 in light of Brexit.  We welcome important statements that demonstrate that Ireland’s door remains firmly open to international business, particularly increased funding for trade and investment promotion to new markets.
Despite Brexit, we encourage the Government to double down on Ireland’s hard won reputation as a location of choice for inward investment. Ireland must continue to showcase itself as a country with a sustainable future that continues to attract and retain highly skilled talented people from here and around the world.