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Ireland fares well in tax report

Tax - Ireland tops European rankings
Tax - Ireland tops European rankings

Ireland is the easiest country in Europe in which to pay business taxes, according to a new report by PricewaterhouseCoopers.

The report also found that Ireland finished sixth out of 178 countries covered, with the Maldives topping the list.

The criteria used were: the number of tax payments made (Irish finished eighth), the time it takes to comply (Ireland ranked ninth) and total tax rate (Ireland at 23rd with 28.9%).

Commenting on the results, Colm Kelly, PwC Ireland tax leader, said: 'This survey demonstrates that having simpler tax systems, together with competitive business tax rates, gives Ireland an advantage in the market for attracting direct investment.'