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02 May 2008
The Irish corporation tax regime has been defended by its finance minister after major British businesses lined up moves to the lower-tax region.
The Republic of Ireland minister of finance Brian Cowen said the country had pursued a 'consistent strategy' of maintaining a low tax burden on income of individuals and companies to support its economic growth and social progress, according to the Daily Telegraph.
He also said its tax regime was 'transparent' and 'relatively simple' compared to other jurisdictions.
'We do not encourage so-called 'brass plate' operations which seek to simply avail of our low tax rates. We want to see real substance in investment in Ireland.'
Shire and United Business Media are planning to switch their tax domiciles to Ireland, while International Power said it was also considering a move.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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