Our corporation tax rate must stay

There are some in the European Commission who would like to undermine our corporation tax offering, says Michael McGrath

THE European Commission decision on Apple has the potential to create very serious issues for the country and requires a careful but strong response.

With regard to the tax status and liabilities of Apple in Ireland, the commission’s ruling, announced by Margrethe Vestager, reached the conclusion that Ireland was solely responsible for the collection of tax on up to 60% of Apple’s global profits for a decade. This seems to run contrary to the various international tax reforms which link the payment of tax to where the value was created.