The Irish government will not raise the country's low corporation tax rate in return for an EU-led bailout, as a French official said some view the rate as "almost predatory".
Deputy Prime Minister Mary Coughlan said the 12.5% rate - much lower than the EU average - was "non-negotiable", reports the BBC. Her comments come as speculation grows that France and Germany want the Irish Republic to raise the tax in return for aid. The Financial Times on Friday reported a French official saying the low corporate tax rate was seen by some elsewhere in Europe as "almost predatory". "They need lots of money and we note they have a corporation tax rate that is very low," the official said. "Supply must follow demand." FULL STORY...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
