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10-10-2016

Commissioner Vestager on Ireland's 12,5% corporate tax rate

Commissioner VestagerCommissioner Vestager
vestager ECON

“We have no problem with the 12,5% corporate tax rate in Ireland”, Commissioner Margrethe Vestager told Irish Economic and Monetary Affairs Committee members in a hearing on competition policy on Monday.

“But we want to be sure that tax rulings are not being used to grant selective advantages to companies through the backdoor”, she added, referring to the illegal tax ruling that resulted in a minimal tax bill for the American multinational.Ms Vestager spoke about a range of topical competition issues, varying from corporate tax rulings to state aid for banks, to legislative initiatives, to the different cases against Google and the recent record high €2.9 billion fine for a cartel of five truck producers.

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