Changes to tax regime ‘could impact our ability to generate wealth’

THIS country must never yield to pressure to give up its attractive tax regime so critical to its economic success.

That was the message of the president of the American Chamber of Commerce in Ireland, Eoin O’Driscoll, yesterday. He defended Ireland’s 12.5% corporation tax rate as a legitimate and powerful tool in driving our economic success.

He condemned recent media reports about transfer pricing by US multinationals saying they could undermine Ireland’s reputation as a preferred location for foreign direct investment.