Noonan: Misinformation about corporation tax has damaged Ireland's reputation

Finance Minister Michael Noonan has said that Ireland's reputation abroad has been damaged by "misinformation" about our corporate tax rate.

Noonan: Misinformation about corporation tax has damaged Ireland's reputation

Finance Minister Michael Noonan has said that Ireland's reputation abroad has been damaged by "misinformation" about our corporate tax rate.

Minster Noonan was taking questions from TDs at the Finance Committee meeting this morning during which the subject of the "double-Irish" loophole was raised.

The Minister says no "one small country" can change the tax practices of international companies - but says Ireland's tax policies are "transparent".

A Trinity College paper earlier this week claimed that multinationals only paid tax of 2.2% in Ireland in 2011.

Minister Noonan says that is not the case and Ireland's reputation abroad is suffering because of the reports.

"We have a very clear, transparent system but we took some reputational damage through misinformation," he said.

"I moved in the last Finance Bill to deal with the issue of companies incorporated in Ireland who aren't liable for tax anywhere - we moved to correct that."

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited