Ireland Retains Commitment to Low Corporation Tax

Sheridan, Cormac
November 2010
BioWorld International;11/17/2010, Vol. 15 Issue 45, p3
This article reports on the decision of Ireland to maintain its 12.5 percent corporation tax rate in its 2011 budget, despite international pressure to adopt a Greek-style bailout from the European Union (EU) and the International Monetary Fund (IMF). It is reported that the tax rate is a cornerstone of the country's industrial policy, which is geared toward winning foreign direct investment (FDI). The speculations over the acceptance of a bailout are discussed.


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