Should Ireland raise or lower the tax rate for corporations?
The corporate tax rate in Ireland is 12.5 percent and is one of the lowest in the developed world. Many multinational companies including Microsoft, Apple and Google base their company in Ireland. The Irish government is proposing cutting that rate in half for company’s earnings on patents and intellectual property. Proponents of the lower tax rate argue that the lower rate incentivizes companies to set up offices in Ireland and create jobs. Opponents argue that Ireland is being used as an off-shore tax haven for large companies and the rate should be raised to match other EU countries.
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