Dáil debates
Thursday, 4 October 2012
Other Questions
Tax Yield
5:00 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
My understanding of what Deputy Boyd Barrett describe as the "double Irish" is that while it exists, it cannot be remediated by changes in Irish tax law. Our law applies a rate of 12.5% to the profits of corporations in Ireland. If the situation is to be changed, it is other countries' tax laws that need to be amended, in particular American laws, but it is not within my remit to do so.
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