‘Downing Street must deliver on Corporation Tax’ – NIIRTA

Newry Times News Posted by
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Monday, March 25th, 2013
Business

The Northern Ireland Independent Retail Trade Association (NIIRTA) has urged David Cameron to deliver on devolving Corporation Tax to Northern Ireland.

Its call comes ahead of tomorrow’s meeting in Downing Street with the Prime Minister and the First and deputy First Ministers on Corporation Tax. NIIRTA also called for the establishment of local Enterprise Zones to be on the agenda of the Downing Street talks.

NIIRTA was among the founding business organisations of the Grow NI group established to lobby on the Corporation Tax issue.

NIIRTA Chief Executive Glyn Roberts said, “Devolving Corporation Tax to Northern Ireland is the united view of not just every business organisation but also the five main local political parties.

“Our economy is lagging behind the rest of the UK in recovery and we face a growing unemployment problem. Corporation Tax while not being the silver bullet, is the potential game changer we need to attract more FDI, which will boost jobs and spending in the local economy.

“We would also urge our First and deputy First Ministers to raise with the PM on why Northern Ireland is the only part of the UK not to have any Enterprise Zones. NIIRTA has put forward a number of ideas on potential models of Enterprise Zones which would complement and enhance a competitive local rate of Corporation Tax.

Roberts added, “The outcome of this meeting should not be about kicking the issue of Corporation Tax into the long grass, but a clear and decisive decision to devolve the power to the NI Executive.

“The business community has waited too long and it is decision time on this issue.”


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