Fears mount that Ireland will lose it's corporate tax rate edge

The British Prime Minister's expected to announce a major boost for businesses - by slashing corporation tax.

At the Confederation of British Industry conference, Theresa May will reveal extra funding for cutting-edge research.

It's expected to cement fears here at home about Ireland's ability to attract multinationals if it loses its competitive edge with a 12.5% corporate tax rate. 

Last week Hungary announced plans to drop it's corporate tax rate to 9% and it's widely expected that corporate tax will be slashed under the Trump administration sparking fears that the move will lure multinationals such as Apple back to the US.

The tech giant employs around 4,000 people at its European Headquarters in Holyhill. 

Sky's Chief Political Correspondent Jon Craig says Theresa May will also outline plans for tax breaks:

 

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