Bernard Durkan
Question:65. Deputy Bernard J. Durkan asked the Minister for Finance if he remains assured of the future for Ireland’s 12.5% corporation profits tax; and if he will make a statement on the matter. [10882/21]
View answerThursday, 25 February 2021
Questions (65)
Written answers
At 12.5%, Ireland has one of the most competitive headline corporation tax rates in the OECD. This rate is applied to a broad base – a policy which is endorsed by the likes of the OECD as it is good for growth in our economy. Our competitive corporation tax system has been an important part of our industrial policy since the 1950s and has attracted real and substantive operations to Ireland since then.
The recently published Update to the Corporation Tax Roadmap re-iterated Ireland’s commitment to maintaining certainty in our corporation tax system and the Government will continue to be proactive in ensuring that Ireland’s corporation tax regime will remain competitive, fair and sustainable with the 12.5% rate at its core.
To complement our competitive tax rate, we will also ensure that we continue to play to our traditional strengths, including a forward-looking business environment; a whole-of-Government approach, to ensure that we remain agile and competitive; and, importantly, recognising the value of an educated and dynamic workforce that has consistently delivered innovation and profitability for businesses over many decades.