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Ireland Remains Tax Competitive, Says PM

by Robert Lee, Tax-News.com, London

10 January 2018


Irish Finance Minister Paschal Donohoe has said that Ireland's 12.5 percent corporate tax rate will remain competitive, despite the substantial reduction to the United States corporate tax.

Donohoe told a news conference on January 9 that, in the light of his recent discussions with multinational companies, Ireland will remain a popular location for foreign investment, despite the recently enacted US tax reform legislation.

"The proposition that we offer will continue to be competitive, even against the context of changes being made in the US and the UK," he said.

"The engagement I have had with international companies since it has become clear what the direction of travel will be in the US has confirmed that view to me," he added.

Legislation was passed in December to reduce the US corporate tax rate from 35 percent to 21 percent, a move described recently by Martin Shanahan, the Chief Executive of IDA Ireland, as "an effort to make the US more competitive." Shanahan said that US tax reform is unlikely to disrupt investment flows into Ireland.

TAGS: Finance | tax | investment | Ireland | legislation | United States | tax reform | Employment

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