The Secretary of State is set to announce that a consultation on transferring responsibility for corporation tax to Northern Ireland will be launched within days.
In his eve of St Patrick’s Day speech, Owen Paterson will tell American investors that the Government, the Treasury and ministers in the Northern Ireland Executive “are looking at some really radical measures to help make the private sector flourish and attract new investment”.
He will tell the Ambassdor’s reception in Washington: “One of these is to transfer responsibility for corporation tax from the Treasury to Stormont.
“I’ve been promoting this for the past three years and believe that it has the potential to make Northern Ireland a beacon for foreign investment.
“So I very much hope that we shall be launching a major consultation on it within the next few days.
“And I’d encourage anyone thinking of investing overseas to watch this space closely.”
The First and Deputy First Ministers begin their St Patrick’s week rounds in Washington today with a series of meetings aimed at securing continued American support for the International Fund for Ireland and further US corporate investment in Northern Ireland.
Peter Robinson and Martin McGuinness will first attend a |breakfast hosted by Congressman Peter King and will later lobby for continued American IFI funding during separate meetings with senior Democratic senators John Kerry and Patrick Leahy.