The seminar titled 'Corporate Tax Games: Lessons from the Republic of Ireland' was presented by Nessa Ní Chasaide, Maynooth University. It took place on Wednesday 15th March 2023 at 15.30 in INTO offices, 23 College Gardens, Belfast, BT9 6BS.
Details of seminar:
The devolution of corporation tax has been the subject of significant policy and political discussion over a number of years in Northern Ireland. Much of the policy argument driving this discussion is that in order for the Northern Ireland economy to replicate the success of the Republic of Ireland economy, that corporation tax should be reduced to at least the same or a lower level than that of the Republic of Ireland.
Some caution, however, that simply replicating this single policy of the Republic of Ireland is much too crude and are not convinced that it will achieve the expected success. In the seminar Nessa Ní Chasaide looked at what lessons can be learned from corporation tax policy in the Republic of Ireland.
Abstract: The Republic of Ireland has achieved enormous success in attracting inward foreign direct investment, especially from highly profitable US multi-national corporations. The strategy has provided significant employment, both directly in those companies, and through indirect employment creation. It has also resulted in an exceptionally high level of corporate tax receipts which defies the size of its economy. This has raised questions about the artificial shifting of profits by multi-national companies into the Republic of Ireland. Current global corporate tax reform efforts seek to halt this kind of tax driven activity. The seminar explored the intertwined nature of productive and artificial investment into the Republic of Ireland, it focused particularly on US multinational companies, and drew lessons in light of continuing global tax competition.
Chair: Paul Mac Flynn, NERI Co-director
Biography of presenter:
Nessa Ní Chasaide is a lecturer in the Centre for the Study of Politics in the Department of Sociology. She is currently undertaking her PhD studies on the evolution of corporate tax policy in the Republic of Ireland. Previous to her academic work, Nessa was engaged in public policy work in the global development NGO sector in the Republic of Ireland.