US firms ‘paid effective tax rate of 2.2% in 2011’
Trinity College research paper challenges Government claims over corporation tax
Enda Kenny is welcomed by Angel Gurria, the head of the Organization for Economic Co-operation and Development (OECD) on the Taoiseach’s visit to Paris last week. Photograph: AP Photo/Michel Euler
US multinationals reported paying tax rates of 2.2 per cent in Ireland during 2011, according to a new study.
A research paper by Prof James Stewart, associate professor in finance at Trinity College Dublin, also challenges Government claims that effective corporation tax rates in Ireland are just below the headline rate of 12.5 per cent.