Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

Deputy Clare Daly is absolutely wrong on the issue of corporation tax. Our 12.5% rate is one of the measures we have in place to attract investment into the country and create jobs. I would have thought the creation of employment was one of the first priorities for any socialist, no matter where he or she might be on the political spectrum. In regard to the idea that if we increase corporation tax we will somehow raise more revenue, we might in theory, but how many jobs would we drive out of the country? How many more people would end up out of work and how many potential jobs would we keep from being created through lack of investment? Let us be clear: our rate of corporation tax has been established for quite some time. It is 12.5%, transparent and based on statute.

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