Michael Noonan: No threat to 12.5% corporate tax rate

The European Commission is not demanding any changes in Irish tax laws over the Apple arrangement condemned by Brussels, Minister for Finance Michael Noonan said yesterday.

Mr Noonan said what had occurred was now being regarded as a historic issue and there is no pressure to alter the 12.5% corporation tax or other tax incentives available in this country.

“It’s part of the Irish offering now for years,” said Mr Noonan.