Thursday, October 9, 2008

Ireland's Low Corporate Tax Rate

I've wondered why Ireland has seen quite a bit of economic growth in recent years, especially in the information technology industry. I think I found out why. They're corporate tax rate is really low, 12.5%.

"The overall tax burden in Ireland is the lowest among all other EU member states. A focus of Ireland's strategy to attract investment is to create a favourable economic and fiscal environment which is supportive of industry. This is evidenced by various investment incentives which are in place, creating a unique business opportunity in Ireland."

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