IBEC warning over corporate tax

ANY concession on the corporation tax regime will damage confidence and create uncertainty at a time when foreign direct investment is pouring into the country, warns IBEC head Danny McCoy.

His warning comes at a time when the Government is desperately searching for something that will mollify French and German demands to raise the 12.5% corporate tax rate.

At the prestigious European Business Summit in Brussels, Mr McCoy told the Irish story using the theme of the two-day meeting, Europe — leading or lagging, to say that the globe’s biggest exporter must fight to defend its position. And Ireland is part of that fight.