Belfast Telegraph

No corporation tax change in Ireland despite EU plans says Leo Varadkar

Taoiseach Leo Varadkar has said there will be no change to Ireland's corporation tax regime.

Recently, European Commissioner president Jean-Claude Juncker said he and other senior officials were seeking to agree an EU-wide corporate tax rate.

However, Mr Varadkar insisted on Monday the Irish Government is committed to maintaining the country's corporation tax regime.

Speaking at the official opening of LinkedIn's new Europe, Middle East and Africa (EMEA) HQ in Dublin, Mr Varadkar said: "The Government is committed to maintaining our stable and competitive corporation tax regime and our strong incentives for research and development so we can continue to attract and retain inward investment and create high quality jobs."

The new LinkedIn HQ is the first such building outside the United States for the business-oriented social media site.

The company's workforce in Ireland has grown from three employees to 1,200 in seven years.

Mr Varadkar said it is a "strong endorsement of the Government's economic and job creation strategy because it reaffirms that Ireland is the perfect location for investment".

He added: "When LinkedIn first came to Ireland in 2010 we were in the middle of one of our darkest periods economically. But today, thanks to the sacrifices of the Irish people and the policies pursued by the Government, our economy has recovered, and we are now facing the future with renewed confidence."

Business Minister Frances Fitzgerald TD said the Government and the agencies in his department are working hard to keep up and continue to attract highly innovative and high quality foreign direct investment.

"LinkedIn is now one of Ireland's leading technology employers, with employees from 55 nations which reflects the diversity that Dublin has to offer," he added.

Linkedin's Dublin operation serves the entire EMEA region.

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