IBEC: Tax plans must keep us competitive

IBEC, the group that represents Irish business, today said the recommendations of the Report of the Commission on Taxation reflected the need to modernise the Irish tax system and welcomed the fact that a low, broadly-based tax regime was recognised as central to ensuring that Ireland remained competitive.

IBEC chief economist David Croughan said: “The report strikes a balance between the need to raise revenue in an equitable way and ensuring that the tax system facilitates economic growth and employment.