Bruton stands firm on corporate tax

MINISTER for Enterprise, Jobs and Innovation, Richard Bruton, said the Government would stand firm against any attempt by Europe to insist on a change in the 12.5% corporation profit tax as a condition for easing the terms of the €85 billion bailout.

“My view is that the corporation tax regime is absolutely fundamental to the Irish model. I think we have to look at what the challenge is that Europe faces at the moment,” he said.

He was speaking at the announcement of an €8.8 million investment in the Tralee-based Altobridge by Intel Capital and the investment arm of the World Bank in Dublin last week.