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Published report calling Ireland a ‘tax haven’

Published report calling Ireland a ‘tax haven’

The report was published by Tax Observatory. On average, companies registered in Ireland pay corporation tax at a rate of 7%. This is much lower than the declared effective income tax rate of 12.5%. That is why the country was called a tax haven.

58% of corporate tax revenue is paid by companies that use Ireland for tax optimization.

Irish households had more than $120 billion in stocks, bonds, mutual funds and bank deposits stashed away in offshore tax havens, a study found. This represents approximately a fifth of Ireland’s GDP in 2022.

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