Micheál Martin (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he will explain the way in which the previous administration had jeopardised Ireland's corporation tax level; and if he will make a statement on the matter. [39024/12]

Michael Noonan (Limerick City, Fine Gael)
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I understand this question was originally submitted to the Taoiseach but as it is within my functional area of responsibility it was passed over to me. I am pleased to confirm for the Deputy that the Irish Government remains committed to retaining our 12.5% corporate tax rate. This has been made clear on many occasions by the Taoiseach, the Tánaiste, myself and other Government colleagues, both inside and outside this House.

In addition, our commitment to the 12.5% corporation tax rate is recognised globally and our long term commitment to the 12.5% rate, which has broad political consensus as well as general public support, means that this rate is now regarded as part of "brand Ireland" throughout the business world.