Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

We will maintain the 12.5% corporate tax rate during the life of this Government. If we come back to government, we will continue to maintain it. I understand the Fianna Fáil, Labour and Sinn Féin parties have a similar position. Some time ago Sinn Féin had a policy document arguing that the corporation tax rate should be increased to 15% but that has been dropped and the party is committed to the 12.5% rate. Last year was a record year for inward investment and this year will be another record. It is a big driver of high-level employment and we will not put that at risk by tinkering with corporation tax.

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