Press Release 02 Sep 2016

2nd September 2016 - IDA Ireland notes the Government’s decision to appeal the Commission ruling and reassert its commitment to the certainty of the Irish taxation regime and the 12.5% corporate tax rate.

Martin Shanahan, CEO of IDA Ireland said: “If this decision was left unchallenged, it would harm the prospects for FDI into this country. This afternoon, Ireland has again reiterated that we do not do tax deals and that we reject the principle that the Commission can retrospectively overrule tax laws in member states.”

This afternoon, Ireland has again reiterated that we do not do tax deals and that we reject the principle that the Commission can retrospectively overrule tax laws in member states.

Martin Shanahan, CEO of IDA Ireland

“The contribution of the FDI sector to the national economy has never been greater  –  more than one-in-five private sector jobs in the economy (direct and indirect employment), are supported by the presence of FDI, representing a vital economic contribution by the multinational sector.

“A consistent, transparent and competitive Corporate Tax Regime is one element of a favourable enterprise environment in Ireland. Ireland should not be penalised for having a competitive tax regime. The other elements of the Irish proposition include our skills, our talent, our pro-business environment and our access to the European market.”

“Ireland fully believes in international tax reform. We have been a full participant in the OECD Base Erosion Profit Shifting (BEPS) initiative. Ireland has taken steps to ensure that we are in line with best-practice in international tax developments.”

“It is not unreasonable for companies to expect certainty about what taxes they need to pay when they invest in Ireland and other European countries - this challenge will allow us to provide that certainty.”

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