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Anna Scally, partner, KPMG

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Presentation as part of the Dublin - Mexico Business promoting Dublin as the Gateway to Europe, eurgate, which was held May 1 and 2 2014 in Dublin.

Presentation as part of the Dublin - Mexico Business promoting Dublin as the Gateway to Europe, eurgate, which was held May 1 and 2 2014 in Dublin.

Published in: Business, Travel

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  • 1. Why Ireland? Mexico-Dublin Business Conference 2 May 2014 Anna Scally Partner, KPMG
  • 2. 1© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Pro-Business Environment ■ Forbes 2013 – Ireland is the best country in which to do business - #1 out of 145 countries - Basis of 11 factors including innovation, taxes, technology, red tape, investor protection and stock market performance ■ IMD World Competitiveness Yearbook 2013 - Ireland ranks: - 3rd for Skilled Labour - 1st Workforce Flexibility & Adaptability - 1st Investment Incentives - 1st Attitudes to Globalisation
  • 3. 2© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Foreign Direct Investment in Ireland ■ IBM Global Location Trends 2013 Report – Ireland - # 1 destination in the world for inward investment by quality and value of investment project - Why? Particular strength of ICT, Life Sciences and Financial Services projects ■ US investment in Ireland > Total US investment in Brazil + Russia + India +China ■ In 2013 Global FDI fell by 18% BUT Ireland won a record number of FDI projects: - 164 projects won – up 12% from 2012 - 78 were new companies investing for the fist time – up 18% on 2012 - Sources of investment projects - Top 3 : USA, UK ,Germany
  • 4. 3© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Who chooses Ireland? ■ Ireland is the location of choice for investment for: ■ 15 out of 20 of the worlds leading Financial Services firms ■ 9 of the Top 10 global ICT corporations ■ 10 of the Top 10 ‘Born on the Internet’ companies ■ 9 of the Top 10 global pharmaceutical corporations ■ 12 of the Top 15 global medical device companies Source: IDA, April 2014
  • 5. 4© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. What’s made in Ireland? MADE IN IRELAND 45% of the world’s Tic Tacs! An in-jectable device that 30 million diabetes sufferers rely on 33% of the world’s contact lenses 100% of the world’s Botox 80% of the world’s medical stents 12 million Jelly Beans a year 50% of ventilators used in acute hospitals worldwide Source: American Chamber of Commerce Ireland, April 2014;
  • 6. 5© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Examples of Companies investing in Ireland in 2013 2013 Investments Source: IDA 2014 Annual Briefing
  • 7. 6© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Why Ireland? Non tax attributes ■ Proven Track Record ■ EU/Eurozone Access ■ EU Market of 500m people ■ Young, flexible, educated workforce ■ Consistent Economic Policy ■ Pro business ■ Welcome Environment ■ Mid Time Zone ■ Language – English and native foreign language speakers ■ Well developed infrastructure ■ Grants and Incentives
  • 8. 7© 2014 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Ireland. Why Ireland ? Tax Attributes ■ Stable, transparent and consistent tax policies – no gimmicks ■ 12.5% corporate tax rate on trading profits – Mexico 29% in 2014 ■ Generous R&D Tax Credit regime – 25% of spend ■ EU VAT regime ■ Excellent Treaty Network ■ Favourable Holding Company regime
  • 9. Thank you Anna Scally Tax Partner KPMG Ireland @annascally_kpmg anna.scally@kpmg.ie +353 1 410 1240 May 2014