THE Tánaiste has said it is “damaging to the national interest” to speculate on an increase to corporation tax in Ireland. He was responding to questions about claims of a ‘shift’ in the national consensus on the 12.5pc rate. But Leo Varadkar said after Cabinet today that "Ireland’s position and the position of the Government is that we are standing over our 12.5pc corporation tax rate”. Read MoreReferring to the levy as ‘corporation profit tax', he added: “It's been a huge part of our economic model. But Mr Varadkar said the remarks “allowed people to create the impression that there wasn't a political consensus behind our 12.5pc rate any more”.

Source: Irish Independent June 09, 2021 16:32 UTC