Terence Flanagan
Question:82. Deputy Terence Flanagan asked the Minister for Finance if he has considered the introduction of a levy on corporation tax in the national interest; and if he will make a statement on the matter. [7286/14]
View answerThursday, 13 February 2014
Questions (82)
Written answers
Companies operating in Ireland are chargeable to corporation tax at the 12.5% rate on the profits that are generated from their trading activities here. A higher 25% rate applies in respect of investment, rental and other non-trading profits, as well as certain petroleum, mining and land dealing activities, while chargeable capital gains are taxable at the capital gains tax rate of 33%.
The Taoiseach, myself and other members of the Government have repeatedly expressed the Government's commitment to these rates and I do not foresee any changes in this regard.