Irish Prime Minister Enda Kenny confirmed its commitment to the 12.5 per cent rate of corporate tax “from the visual point of tax certainty.”
In his speech to the American Chamber of Commerce of Ireland (AmCham Ireland), Kenny noted that the rate will not change, and acknowledged that “this is an important element to consider with US investors to come here in Ireland.”
Bob Savage, president of the American Chamber of Commerce of Ireland, welcomes the statement by Kenny. According to him, the Chamber “deeply appreciates the unequivocal declaration of the Prime Minister that his government will firmly defend our reputation as a blood pro-Corporate Business of the country, which is determined by justice and the determination processing.”
In his pre-budget problem, of AmCham Ireland Ireland stressed the need “to evolve a corporate tax regime in response to the post-OPP landscape, to remain competitive.”
Comments Kenny later duplicated Finance Minister Michael Noonan. “We could almost put it on the flag right now, because everyone knows at the international level, that the figure is 12.5 per cent. In fact, when entrepreneurs are thinking about Ireland, they automatically think of 12.5 percent. But only if there is any doubt, I will confirm this budget again this year, “Noonan said.
Noonan added that the government is not under pressure from the European Union (EU) to change the speed as a result of the Commission’s decision, which gave Ireland a selective tax regime for Apple. “The European Commission recognizes that the right to set tax rates are a matter for sovereign governments, this is not Europe or the European Commission,” he explained.