Ever since Ireland entered the EU/IMF bail-out programme several years ago successive Irish governments have been clear and unambiguous in declaring Ireland’s 12.5% corporate tax rate as sacrosanct. This has been mostly recently restated by the Minister for Finance on 5 December when presenting the government’s budget for 2013 to Parliament.

As part of the Government’s medium term fiscal statement it published an update on Ireland’s position on the CCCTB on 14 November 2012. The update reiterates the previously stated position of the Government that while the country will constructively engage in the policy and technical debate "Ireland’s position on the CCCTB is one of scepticism". The report concludes that from Ireland’s perspective engagement with the CCCTB is ongoing and the examination of the proposal is still at the early stages.