Thursday 23 November 2017

Ireland's corporation tax is not about to change any time soon

Too many people in Ireland have worried about profit tax issues for too long. Little is likely to change in the years ahead, writes Dan O'Brien

European Commission President Jean-Claude Juncker Picture: Reuters
European Commission President Jean-Claude Juncker Picture: Reuters

Ireland's national paranoia about profit tax is unending. Last Thursday, the top stories on the front pages of national newspapers dealt with the matter. Two things happened on Wednesday to cause this.

One was words written (but not uttered) by Eurocrat-in-chief Jean Claude Juncker. Among many other things in a wide-ranging "state of the union" address, he suggested in the script of the speech that EU member countries should give up their right to veto new tax laws that his institution comes up with.

The second development that pushed profit tax on to the front pages was an economist's opinion.

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