The Cardiff files: Troika had 12.5% tax rate in sights

14th June, 2015

As pressure grew on Ireland to enter into an official bailout with the EU-IMF-ECB troika in 2010, the government was forced to fight a rearguard action against efforts to offer up the state’s low corporation tax rate as a sacrifice to its soon-to-be creditors.

Alongside the high-wire negotiations on the interest rate applied to the loans, Kevin Cardiff’s evidence submitted to the inquiry shows that early in the piece, officials expected that “it seemed...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Nadine O’Regan: Fishing for compliments at our own funerals

Emer McLysaght: Take it or leave it, Father’s Day is not an issue

Analysis: Moral hazard at the heart of public health leaders’ reluctance to begin use of rapid antigen testing

Elaine Byrne: What structural defect means taxpayers always carry the can?