Ireland Government No Corporation Tax Rate Rise
Published / Last Updated on 19/11/2010
Ireland Government No Corporation Tax Rate RiseThe Ireland government has insisted it will not raise the country's low corporation tax rate in return for a European Union-led bail-out. According to Deputy Prime Minister Mary Coughlan, the current 12.5% corporation tax rate is much lower than the EU average.
Other EU nations have criticised Ireland’s low corporation tax rate, saying it gives the country too much of an advantage in attracting overseas investment.
They now argue that Ireland should raise the corporation tax rate to help boost Ireland government funds and should not be allowed to solely rely on an EU bail-out.
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