Posts tagged ‘Republic of Ireland’

Some common sense on Corporation Tax?

It seems that there are some encouraging signs of common sense amongst UK politicians on the subject of Corporation Tax:

David Cameron will be challenged to grant Northern Ireland special status on lower corporation tax during his visit to the province on Tuesday.

[…]

Northern Ireland’s power-sharing government has been arguing for a low corporation tax similar to the regime in the Irish Republic where it is 12.5% and regarded as a key factor in attracting foreign direct investment. The UK’s corporation tax rate is currently 24%.

The Stormont executive claims the province is a special case in the UK because it shares a land border with a state which has such a low corporation tax system against which the north cannot compete.

Ok, it’s only Northern Ireland and they acting out of self-interest but at least they are prepared to take a reasonable position on the subject. Not that I expect that the present or (likely immediate) future occupants of Downing Street listen though.