Irish Enterprise Minister Won't Rule Out Corporate Tax Cut
In an interview with the Irish Independent earlier this week, Ireland's new
Minister for Enterprise, Trade and Employment, Mícheál Martin suggested that
a reduction in the Republic's 12.5% corporate tax could not be ruled out in
the next few years if the jurisdiction shows any sign of a decline in competitiveness. "This would not be an immediate issue, although we cannot rule it out
in the future," he observed, adding that: "Our competitors are the developed economies and we can't lose focus on
that." In addition, Mr Martin talked to the newspaper about other plans for keeping
Ireland economically competitive, such as increasing research and development
(R&D) spending. "A key area is R&D innovation which can be achieved through the National
Development Plan. It will play an important role in keeping us competitive in
the future," he suggested. .
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