PwC Study Disguises Ireland's Tax-Haven Status, Report Says

Law360, New York (February 12, 2014, 4:46 PM EST) -- An often-cited PricewaterhouseCoopers LLP and World Bank tax study concluding that Ireland has a higher corporate-profits tax rate than France and other European nations is based on unrealistic assumptions that yield wildly incorrect data, a professor from Dublin's Trinity College said in a report released Tuesday.

PwC's 2014 study found that Ireland's profits tax rate was 12.3 percent, but according to Associate Professor of Finance Jim Stewart, Ireland's rate is really around 2.2 percent, giving the country the lowest effective tax rate in the European Union....
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