Ireland ‘will benefit’ from crackdown on tax regimes

Ireland is set to be a beneficiary of the crackdown on tax regimes, according the Minister for Enterprise and Jobs, Richard Bruton, despite the comments from the California Governor, Jerry Brown that Ireland allowed "creative accounting".

Speaking at the Oireachtas Committee on Jobs, Minister Bruton said that the Department of Finance and Minister Noonan had been leading work on trying to cut down on companies exploiting differences in tax codes to minimise their payments — before the OECD had established its base erosion and profit-shifting project.

Mr Bruton said that if Ireland was able to maintain its tax regime within the base erosion and profit-shifting regime that the country would have an advantage in attracting foreign investment.