Ireland's Special Tax Rates
As a developing nation Ireland enjoys a unique concession from the European Union allowing it to offer the lowest Corporate Tax Rate in Europe (12.5%). Coupled with a Tax Treaty with the US this is a key incentive for American companies to locate in Ireland.
Corporate Tax Rates (%)
The trouble is that the British are complaining and agitating for the "upward
harmonization" of the Irish tax rate. They claim Ireland has now outstripped
them in income per capita, which it has.
Pat Flannery - April 2005