The IDA says the decision to increase our corporate tax rate shouldn't have a negative impact on investment here.
Yesterday, the Cabinet announced it would sign up to the OECD deal to create a minimum floor for corporation tax.
This will see Ireland's rate increase from 12.5% to 15% from 2023, for companies with revenue of more than €750 million.
Martin Shanahan, CEO Of IDA Ireland, believes high levels of foreign direct investment will continue despite the higher tax rate.
"The floor of investment that we've observed int he recent weeks in months has been extraordinarily strong.
"The pipeline that I'm looking at remains strong.
"Many of those announcements that were made recently were made in the knowledge that Ireland was engaged in this OECD process.
"So I don't think the decision will have come as a huge surprise to the investor base."
