TITLE

Ireland Retains Commitment to Low Corporation Tax

AUTHOR(S)
Sheridan, Cormac
PUB. DATE
November 2010
SOURCE
BioWorld International;11/17/2010, Vol. 15 Issue 45, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
55251119

 

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