Ireland is one of the most competitive countries in the euro area despite high taxes

The President of the Irish Tax Institute Karen Frawley said earlier this month that Ireland has been put at a competitive disadvantage due to the country’s comparatively high income tax rates at average salaries and above.

Ireland’s ranking in the infrastructure area deteriorated from 20th place in 2021 to 23rd in 2022. Photo credit should read: Brian Lawless/PA Wire

Ireland is the third most competitive country in the euro area, a new report has found.

The survey also found that Ireland is the 11th most competitive economy in the world, out of 63 economies, an improvement from 13th position last year.