Noonan rules out change to corporate tax rate

Finance Minister Michael Noonan has today moved to reassure multinational companies that Ireland's corporate tax rate will not be changing.

There is renewed pressure on Ireland to sign up to a new pan-European rate of corporation tax.

Today, the American Chamber of Commerce called on the Government to maintain the Irish rate of 12.5%

Minister Noonan told a gathering at Vistakon in Limerick, where 100 new jobs were announced today, that the rate will not change.

"There's going to be no change in the 12.5% tax rate," he said.

"We're going to continue to remain competitive with our competitors."

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