ICTU adviser says low corporate taxes are unsustainable
An economic adviser to the Irish Congress of Trade Unions has described Ireland’s low rate of corporation tax as a major policy mistake.
Paul Sweeney told CORI's annual social policy conference today that an industrial policy based on artificial tax subsidies was not sustainable into the future.
He said the Government’s decision to reduce the corporation tax rate to 12.5% had led to a situation where Ireland was involved in a "race to the bottom" to compete with new EU member states when it came to attracting foreign investment.
