Noonan rules out change to corporate tax rate

on 14/01/2013 13:55:32

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."