Competitiveness Including Taxation
AmCham regards Ireland’s high personal tax as a barrier to increased investment, as they discourage companies and workers from relocating Ireland. We are seeking a commitment from the government not to increase personal tax burdens and a roadmap to reduce the burden to match international standards.
The Chamber is fully supportive of the Government’s approach to seeking a unified global solution to improving international tax rules via Ireland’s participation in the OECD Inclusive Framework. We believe that Ireland should strive to protect a low corporation tax regime and that post Covid-19 the government should maintain enterprise supports for the businesses and employees that have been negatively affected by the pandemic.
AmCham is also calling for the simplification of the annual tax audit reporting requirements and for enhanced tax incentives that stimulate job creation and investment in research, development and innovation.