Unleash the Creighton! All will bow before our ‘internationally recognised fair and just corporate tax regime’ (fingers crossed!).
Those of us who might have felt a degree of scepticism when presented with the contention by Joanne Richardson, CE of the American Chamber of Commerce Ireland (by the way, is that actually American, or US? It makes a difference) that ‘Ireland is not – and has never been – a tax haven’, and whose scepticism was generated by the sense that this was a semantic distinction resting on a definition that included imposition of a single tax rate but variability in terms of what is actually taxed, will hardly have been dissuaded from that stance by the news today that another US based corporation, Boston Scientific paid an effective tax rate of 4% in 2011.
As the IT puts it:
Boston Scientific’s accounts for its main Irish subsidiary note that if corporation tax of 12.5 per cent was levied, it would pay $177 million in Irish tax. However, the…
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