781. Deputy Niall Collins asked the Minister for Jobs, Enterprise and Innovation her plans to respond to the recent announcement by the United Kingdom Chancellor to reduce the United Kingdom's corporation tax rate to 15% as opposed to a previously announced reduction to 17%; if this poses a challenge to Ireland by reducing foreign direct investment here given a recent Economic and Social Research Institute study that says that every 1% drop in the United Kingdom rate would, all things being equal, reduce foreign direct investment from outside the European Union by 4.6%; and if she will make a statement on the matter. [20466/16]

Summary

781. Deputy Niall Collins asked the Minister for Jobs, Enterprise and Innovation her plans to respond to the recent announcement by the United Kingdom Chancellor to reduce the United Kingdom's corporation tax rate to 15% as opposed to a previously announced reduction to 17%; if this poses a challenge to Ireland by reducing foreign direct investment here given a recent Economic and Social Research Institute study that says that every 1% drop in the United Kingdom rate would, all things being equal, reduce foreign direct investment from outside the European Union by 4.6%; and if she will make a statement on the matter. [20466/16]

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