Budget 17 offers a chance for Government to regain perspective on the corporate tax agenda and reaffirm its commitment to Ireland as the FDI location of choice for the international community.
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After the drama of the Apple decision, the coming months offer a chance to regain perspective on the corporate tax agenda. It is also an opportunity for Government to reduce the tax burden for employees.
We look forward to the reiteration of the Government’s commitment to the cornerstones of Ireland’s corporation tax policy, such as a transparent regime that includes the 12.5% rate and the R&D Tax Credit. It is also an opportunity to reframe the Irish system in the context of international tax reform. This means continuing consultation with the FDI community on the implementation of EU/OECD measures; the renegotiation of the US/Ireland Double Tax Agreement; and the resourcing model that Revenue will need in the new environment.
Measures that reduce the tax burden on labour are needed. The lowering of personal tax rates would be advantageous to the existing workforce and in attracting and retaining key staff here.
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