Ireland Vs UK Tax Take is Startling!

26 July 2015

Ireland Vs UK Tax Take is Startling!

Source: Dublin Chamber of Commerce

According to recent research published by the Dublin Chamber of Commerce, Ireland has a far more penalising tax regime for business owners and employees than in the UK. More and more firms are seeking to relocate away from Ireland into Britain and it is getting more and more difficult for Irish based firms to attract talented staff. Of 10 key tax categories Ireland is only cheaper for corporation tax but significantly higher for income tax and capital gains tax. The table above makes for startling reading and clearly the government need to make changes if they are serious about promoting new business and employment.