Business Irish

Monday 21 October 2019

Enda Kenny: Debate on corporation tax 'ill-informed'

(L-R) Ireland's Prime Minister Enda Kenny and Italy's Prime Minister Enrico Letta listen to European Commission President Jose Manuel Barroso during a European Union leaders summit in Brussels May 22, 2013. EU leaders met in Brussels on Wednesday with growing concern in European capitals about aggressive tax avoidance by high-profile corporations expected to top their agenda. REUTERS/Francois Lenoir (BELGIUM - Tags: POLITICS BUSINESS)
(L-R) Ireland's Prime Minister Enda Kenny and Italy's Prime Minister Enrico Letta listen to European Commission President Jose Manuel Barroso during a European Union leaders summit in Brussels May 22, 2013. EU leaders met in Brussels on Wednesday with growing concern in European capitals about aggressive tax avoidance by high-profile corporations expected to top their agenda. REUTERS/Francois Lenoir (BELGIUM - Tags: POLITICS BUSINESS)

Sarah McCabe

‘Ill-informed and misrepresented' was how Taoiseach Enda Kenny described the debate on Ireland's corporation tax structure this morning.

At a conference on Asian growth opportunities in Dublin, the Taoiseach said Ireland has always prided itself on the open and transparent nature of its tax regime.

His comments came in a week when Ireland’s corporate tax structure came under increasing international scrutiny.

An investigation by the US Senate into the tax practices of technology giant

Apple and others has portrayed Ireland as a tax haven for multinational companies.

Mr Kenny said that Ireland's corporation taxes are set out in statute and so there is no possibility of individual special tax breaks for companies. He highlighted that Ireland's statutory corporation tax rate is very close to its effective rate.

He said that the government is fully supportive of international efforts to ensure fairer taxation and that Ireland was the fourth country in the world to sign an agreement with the US regarding the sharing of tax information.

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