Ireland has most effective tax system in EU

Ireland has the most effective and efficient tax system for businesses, among EU member states, and the sixth best in the world, according to a survey by professional services giant, PwC.

In its latest ‘Paying Taxes’ report, into international tax systems, co-produced with the World Bank, PwC notes that Ireland’s effective corporate tax rate of 12.4%, compares to an EU average of 13.1% and a global average of 16.3%; and that the administrative burden for firms based here compares much more favourably than in other nations.

“Businesses are affected not only by tax rates, but also by the procedural burden of compliance,” the report notes.