The Chairman of the Irish IT industry lobbying group ICT Ireland has called for the new government to reject EU proposals for corporate tax harmonisation, according to recent reports.
Kevin Dillon, who is also a senior executive with Microsoft's Irish arm, reiterated previous warnings that any increase in the ROI's 12.5% corporate tax rate could harm the jurisdiction's chances of attracting and retaining multinational companies and international investment. Mr Dillon was speaking in response to renewed calls for tax harmonisation from the German Chancellor, Gerhard Schroeder.
The information technology sector plays an important part in the Irish economy, accounting for almost one-third of total exports of goods and services. According to Mr Dillon, around 100,000 people are employed by ICT companies in Ireland, with some 55,000 of those working for foreign multinationals attracted to the region by its competitive corporate taxation regime.
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