Industry & Business

Corporate tax must be ring-fenced for capital investment

 Breaking News
  • Ambitious Enterprise Cross-Border Rail Strategic Development Plan Launched Translink and Iarnród Éireann have launched an ambitious new strategic development plan for the Cross-border Enterprise Rail Service between Belfast and Dublin. Called ‘Better Connecting Dublin and Belfast’, the strategy sets out a road map of how both companies jointly plan to further enhance the service on this important north/south rail corridor. The plan launched by [...]...
  • More Milk Needed to Cover Demand in 2030 – New Technologies Will Help Between now and 2030 worldwide demand growth for milk and milk products will be three times the level of current US milk production. This was one of the main findings of the latest publication, from the IFCN – the Dairy Research Network – discussed at the 19th IFCN Dairy Conference, held at Teagasc, Moorepark, Cork. Today, [...]...
  • IDA Reports Strong First Half IDA Ireland, the inward investment agency of the Irish Government, has reported a very strong first half of 2018. IDA expects that investments approved in the first half will lead to the creation of over 11,300 jobs as companies roll out their plans over the coming months and years. This compares with 11,000 over the [...]...
  • Building and Construction Output Increased by 7.4% in 1st Quarter 2018 According to the latest CSO figures, the volume of output in building and construction increased by 7.4% in the first quarter of 2018 when compared with the preceding period. This reflects increases of 5.6%, 5.5% and 1.1% respectively in the volume of residential building work, non-residential building work and civil engineering work. The change in the [...]...
  • Housing Market Failing Younger Generations, Says First Woman President of IPAV The current housing market is failing our younger generations, according to Ella Dunphy (pictured) of DNG, who recently became the first woman President of IPAV, the Institute of Professional Auctioneers & Valuers. She was speaking at the organisation’s AGM and annual conference at the Lyrath Estate Hotel, Kilkenny. “It’s a market where those with the greatest [...]...

Corporate tax must be ring-fenced for capital investment

Corporate tax must be ring-fenced for capital investment
September 13
09:00 2017

Ibec has acknowledged the publication of the independent review of Ireland’s corporate tax code by Seamus Coffey. The group welcomed the analysis of the available evidence, and in particular a number of sensible recommendations. It cautioned, however, that some recommendations would require careful thought and further consultation in order to avoid any unnecessary negative impacts on the certainty of the tax regime.

Gerard Brady, Head of Tax and Fiscal policy at Ibec said: “The global corporate tax regime has gone through an unprecedented era of change over recent years with the advent of the OECD’s Base Erosion Profit Shifting (BEPS) process, the re-emergence of Common Consolidated Corporation Tax Base (CCCTB) proposals at a European level, and the prospect of US corporate tax reform. In this context, today’s report is a welcome review of how our regime has developed and could evolve into the future.

“The report contains a number of sensible recommendations on improving the Irish regime, which was recently ranked among the most transparent in the world by the OECDs Global Forum on Transparency and Exchange of Information. However, a number of recommendations which have potential implications for SMEs, and the type of tax system we operate, in particular, will require careful thought and further consultation.

“Despite recent challenges, Ireland’s model of a small, business-friendly open economy within Europe has continued to demonstrate serious substance, with accelerating investment and employment in highly globalised industries. Ireland’s corporation tax strategy, while not the sole reason for this success, is a major part of our offering and must be safeguarded. We must be fully conscious of the opportunities and competitive threats to our FDI driven growth model, which exist in Europe, the UK and US, and be prepared to act accordingly. The review also takes a positive view on the sustainability of Ireland’s corporation tax receipts out to 2020 at least – it is vital that this revenue is urgently channelled into much needed capital investment and not built into the day-to-day expenditure base.”

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4