12.5% tax a ‘bedrock’ of Ireland’s jobs policy

Ireland will not surrender to international pressure over its lucrative corporation tax rate, Jobs Minister Richard Bruton pledged.

Describing the attractive 12.5% levy as a “bedrock” of economic policy, he insisted the Coalition had protected the incentive when the country was at its weakest and would continue to stand firm as the recovery gathered pace.

“Europe has recognised that competing on taxes is here to stay. I think what’s now happening through various multinational processes, we’re looking to make sure that companies can’t aggressively exploit the gaps between different codes,” the Jobs and Enterprise Minister said.