On 21 June 2016, Ireland's Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Paschal Donohoe published the Summer Economic Statement for 2016, which sets out the medium-term fiscal and economic policy, and forms the basis for the 2017 Budget due in October. The key aspects of the statement include:
- The 12.5% corporate tax rate will be maintained;
- The capital gains tax rate for new start-ups will be reduced to 10%;
- The Universal Social Charge (USC) will contin…