The World Bank says that Ireland is the easiest country in Europe in which to pay business taxes.
Ireland also comes sixth out of 183 countries surveyed worldwide in a report compiled by PricewaterhouseCoopers for the World Bank.
It found that Ireland has the second lowest overall tax rate in Europe at 26.5%; Luxembourg is the lowest at 21% and the highest is Italy where overall business taxes amount to 68%.
Speaking about the Irish result, PwC Ireland Senior Tax Partner Colm Kelly said: 'The survey demonstrates that, having simpler tax systems with competitive business tax rates.
'This gives Ireland a real advantage in the market for attracting direct investment. It's a win-win for Government and industry.'
