Our 12.5 per cent corporation tax. Our corporate tax code is now an article of economic faith, adhered to by nearly all mainstream parties. The European Commission’s €13 billion Apple tax ruling, effectively the largest corporate tax fine in history, lays at the feet of the Irish Government the charge of “artificially” lowering the tax paid by Apple here since 1991. But it is not Ireland’s low rate of corporation tax that galls so much, rather the effective rate companies here end up paying. France is threatening to push ahead with its own digital tax, potentially putting the EU and the US on a collision course with Ireland once again the meat in the global tax sandwich.

Source: The Irish Times June 24, 2020 03:56 UTC