Bruton baulks at proposals to change corporate tax rate

FORMER Fine Gael leader John Bruton has lashed out at attempts to introduce a level playing field on corporate tax within the EU.

Ireland has one of the most competitive corporate tax rates at 12.5% introduced with the support of the EU.

It has become the basic rate for all firms based in Ireland and got over the issue of this country having a competitive advantage by operating a dual corporate tax system to attract overseas investment.