Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the potential number of businesses that will relocate to Northern Ireland as a result of the introduction of trading profits taxable at the Northern Ireland rate.
While dependent on the rate established by a restored Northern Ireland Executive, the devolution of corporation tax rate-setting powers will allow Northern Ireland to compete more effectively for foreign direct investment, and encourage greater investment by companies already in Northern Ireland. Creating a stronger Northern Ireland economy will benefit the entire United Kingdom.
The relevant Tax Information and Impact Notes can be found at: