»»Low corporate tax retain businesses in Ireland
Among the original attractions of doing business in Ireland, it seems just the low corporate tax mostly continues to draw multinationals to this location.
Low corporate tax rate, language skills, the availability of an educated work force, overall low costs and high productivity first attracted multinationals to choose Ireland for European operations.
However in the last five years the environment has changed dramatically, with the increasing costs of labor, electricity, and for other services; just the corporate tax rate continues to be kept low.
So the multinationals still aimed to base their European operations in ireland to take advantage of such tax benefits, are starting to shift from doing manufacturing to financial services, research or any activities not so reliant on low costs of operation.
(source)
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