Ireland’s ever-increasing position as a major European digital hub received yet another boost today with the news that the working professionals’ social networking site, Linkedin, is to create a further 100 jobs here. This company already employs a very significant 900 here and I was invited earlier today to visit the site of its new building at Wilton Terrace in Dublin city centre where work has just commenced on the ‘above ground’ phase. It is expected to be complete at the beginning of 2017.
Of course, the Government is committed to maintaining Ireland’s attractiveness as a hub for new investment such as this, and for that reason, we prioritised many pro-growth and pro-job policies in the Budget for 2016. In order to make work pay we are tackling the marginal tax rates on middle income earners, and are reducing the marginal rate of tax to below 50% for all earners under €70,000. If re-elected for a second term, we will also continue to phase out the USC in future budgets, while also reforming the income tax system to cap benefits for the highest earners and to keep the income tax system broad. These measures, in turn, should help us to maintain Ireland’s position a dynamic, attractive place for big global players such as Linkedin to invest.