Corporation tax rate unlikely to change

IRELAND’S corporation tax rate of 12.5% is unlikely to change over the next 10 years despite pressure from France and Germany.

NCB Stockbrokers economist Brian Devine said: “We don’t believe that Ireland’s effective corporation tax rate will rise anytime in the next decade.”

Mr Devine said the Government still has its EU veto in relation to taxation issues and has maintained its commitment to the rate. NCB do not expect that stance to change.