Concern expressed at Northern Ireland political stalemate
The new president of Chartered Accountants Ireland has expressed concern at the impact of political stalemate on the drive for corporation tax cuts.
Tony Nicholl from GMCG Chartered Accountants was elected at the 127th annual general meeting of the organisation and is the first member from Northern Ireland to become president since 2011. Mr Nicholl, who is taking over from Ronan Nolan, is managing partner of GMcG, which has offices in Belfast, Lisburn and Portadown.
He told the AGM: "We are concerned that the current uncertainty about the possible rate and proposed date of operation for a corporation tax cut is impacting negatively on the prospects of significant investment into the Northern Ireland economy.
"Invest NI confirmed this week that a US delegation has deferred its investment trip to Northern Ireland, and we are saddened and concerned that an opportunity for Northern Ireland may have been missed as a result." He added: "We need our politicians to now make an enhanced and sustained effort to pull together to enable the benefits and rewards of devolved taxation to have a prospect of success."