Cowen hits out at Hobbs

Minister for Finance Brian Cowen has hit out at Rip Off Ireland presenter Eddie Hobbs’ claim that low-cost Ireland is a myth.

Speaking on RTE radio’s Morning Ireland today, Mr Cowen said: “I don’t accept that it’s a myth. The share of national income as a percentage of GDP in this country as it goes in tax is 30 percent, as compared to an EU average of 40.”