The Contributors to this edition of the Irish Tax Monitor give a positive welcome to the Government’s landmark strategy document on Irish corporation tax policy, in the review and update of the 2018 Corporation Tax Roadmap, entitled 'Ireland’s Corporation Tax Roadmap January 2021 Update' which was published on Thursday January 14th.
Ireland’s Corporation tax system is central to the health of the economy, and while recent economic assessments by credit rating agencies, and by the European Union, continue to raise the question of uncertainty over the future yield from corporation tax there is no reason to believe that a decline in its importance as a contribution to Irish economic welfare is inevitable.
And that is very important, as the same EU Economic review¹ of economic performance across Europe in 2020 shows that Ireland was the only country in Europe not to suffer a decline in its national income.