Irish PM Kenny says Ireland can find a way forward on its bailout interest rate. We’ll be constructive, he says but the 12.5% corproate tax rate in non-negotiable.
Ireland has opened the door to fudging the effective tax rate upwards while maintaining the low headline rate of 12.5%…
Sounds like a deal will get done.
No matter the rate though, Irish banks remain saddled with huge bubble-era losses that will be very difficult for a small economy like Ireland to swallow/ Tough days lay ahead, bailout or no…
