Subsidised digital firms ‘being paid’ to set up here

Subsidised digital firms ‘being paid’ to set up here
Joe Tynan, head of tax for PwC

The knowledge development box, various R&D reliefs, and the low corporate tax rate means that firms are effectively paid to set up here

Digital businesses setting up in Ireland can pay an effective “subsidised” tax rate of less than minus 10 per cent when incentives are combined, according to consultancy firm PwC.

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