TaxCorporate TaxIrish finance minister defends tax regime

Irish finance minister defends tax regime

Cowen defends Irish tax regime as British business lok to move thir domicile

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.

Further reading:

Read
the Telegraph’s story

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