Tue 17th Nov 2015
NI Chamber of Commerce and Industry welcomes Corporation Tax announcement as part of Stormont deal
Commenting on the Executive’s announcement, Stephen McCully, President of Northern Ireland Chamber of Commerce and Industry (NI Chamber) said:
“NI Chamber welcomes the fact that the political deadlock has been broken. Political stability and a Northern Ireland Executive pulling together on the economy is vital for business growth in Northern Ireland.
“The agreement will pave the way for the devolution of Corporation Tax powers by April 2018. Although it is disappointing that this will be a year later than first anticipated, the rate has now been firmly set at 12.5%. It means that with a rate and date now in place, businesses can plan for growth and Invest NI can start selling the proposition to potential inward investors across the world.”