In Europe’s tax race, it’s the base, not the rate, that counts

In late November, members of the American Chamber of Commerce gathered at the Four Seasons hotel in Dublin for a Thanksgiving lunch of roast turkey and pumpkin pie and a declaration of hospitality from Ireland’s finance minister.

“We’re a friendly country for investors and one of the key elements of the friendliness of the package is the 12.5 per cent tax rate,” Michael Noonan said. “I want to tell you once more, that’s not negotiable.”

via Business feed http://www.scmp.com/business/economy/article/1153865/europes-tax-race-its-base-not-rate-counts