12.5% tax rate no guarantee of success

POLICY makers can no longer take it for granted that our 12.5% corporation tax rate will guarantee prosperity as the economy completes a post-Celtic Tiger soft landing.

Goodbody Stockbrokers Autumn 2003 Review said that competitiveness is now moving centre stage in the Irish economy.

“Managing a boom, avoiding a bust and maintaining trend growth all require different policy approaches and attitudes,” said Goodbody economists Colin Hunt and Dermot O’Leary.