Of course the old tax rate helped, but we have other attractions

The stability, consistency and transparency of the corporate tax rate and regime in Ireland has been an important asset for Ireland in promoting an attractive business environment for foreign direct investment.

Investing abroad is a risky business with few certainties. At a time when corporate tax rates changed more frequently in other jurisdictions, Ireland’s commitment to the 12.5% ​​rate – as reiterated on back-to-back budget days – has provided investors with rare certainty .

The government’s decision to increase the corporate tax rate to 15% for the relatively small cohort of companies with global annual turnover exceeding 750 million euros clearly represents a significant shift in the tax offer of Ireland to investors. Global circumstances and Ireland’s constructive participation in the multilateral process necessitated this change.

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