FOR those who still wonder why the Government is so determined to retain our 12.5 per cent corporate tax rate, the latest ranking of Irish exporters, which shows that eight of our top 10 exporters are multinationals, should provide the answer.
The rankings, which were compiled by the Irish Exporters' Association, show that Google is now Ireland's biggest single exporter with overseas sales of €10.09bn, just ahead of Microsoft with €10.02bn.
There are just two indigenous companies in the ranks of Ireland's top 10 exporters and five in the top 20.
So if it comes to a choice between scrapping the 12.5 per cent tax rate in order to keep our European "partners" sweet, or retaining the low tax rate, even at the cost of our membership of the euro, then it's absolutely no contest.
When push comes to shove, the 12.5 per cent tax rate trumps the single currency every time.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.