Advertisement

Ireland won't budge on corporate tax

DUBLIN, Ireland, Nov. 20 (UPI) -- Ireland's Deputy Prime Minister Mary Coughlan said the austerity budget under debate would not include changes in the country's corporate tax rate.

The 12.5 percent corporate rate, one of the lowest in the European Union, which Ireland uses to lure companies to base their businesses in Ireland, was "non-negotiable," Coughlan said, the British Broadcasting Corp. reported Saturday.

Advertisement

The Irish Cabinet is meeting to discuss a four-year budget plan to qualify for an international loan worth tens of billions of dollars meant to help the country bail out its troubled banks.

Details of the austerity budget will be released by Tuesday, the BBC said.

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement