IBEC is calling for unity from all political parties in relation to saving Ireland's low corporation tax rate.
It comes as severe pressure is being put on the Irish State to agree to a harmonisation of corporation tax throughout Europe.
A huge part of Irish economic recovery rests on foreign investment which happens as a direct result of the attractive corporation tax rate here.
IBEC Director General, Danny McCoy said it is wrong to assume a raise in Ireland's corporate tax rate would result in more investment in mainland Europe.