Investment Management Release - Finance Bill 2012

Introduction

As an international fund domicile, Ireland ranks amongst the most flexible and advantageous in the onshore world. Despite the difficult current economic climate the Irish Funds Industry continues to go from strength to strength with the assets under management in Ireland of Irish domiciled investment funds having surpassed the Euro €1 trillion mark in 2011 and total assets under administration in Ireland of Euro €1.875 trillion.

The longstanding Government commitment and support to the industry (together with the input and co-operation from various stakeholders) has played a crucial role in the development and expansion of the industry. In this regard the reaffirmed commitment of the new Government to the industry, with particular emphasis on future employment creation in the industry, is extremely significant for both the continued growth and further success of the industry. The Minister for Finance made reference in his Budget speech in December