Editorial: Our corporate tax rate is not the main issue for foreign investers

Foreign direct investment is here for the long term regardless of our tax rates

26th September, 2021
Editorial: Our corporate tax rate is not the main issue for foreign investers
Micheál Martin’s comment, made in the context of a push for corporate tax reform and a minimum rate of “at least 15 per cent” globally, was also revealing. Picture: Getty

During his visit to the United States last week, the Taoiseach remarked that he could not guarantee to US companies that Ireland’s corporate tax rate would remain at 12.5 per cent. In part, this was a statement of the obvious. No political leader can, or should, guarantee that a tax rate will remain unchanged in perpetuity.

Tax rates rise and fall constantly. In the 1950s, the US corporate tax rate was over 50 per...

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

Related Stories

Accountancy and legal firms warned Donohoe about corporate tax reform

Tax Peter O'Dwyer 4 days ago

‘Offsetting measures’ needed to make up shortfall from shift away from 12.5% corporate tax rate

Tax Peter O'Dwyer 1 week ago

Tom Maguire: Multinationals must face brave new world ushered in by EU tax reform

Focus On Tom Maguire 1 week ago

The last stand: how Ireland finally conceded its long-cherished 12.5 per cent tax rate

Tax Peter O'Dwyer 1 week ago