Ireland has the most efficient corporate tax system in Europe with the least red tape, according to a study from PwC and the World Bank.

The report found that the effective corporate tax rate in Ireland – the amount of tax paid as a percentage of profits – was 12.4 per cent, close to the statutory corporate tax rate of 12.5 per cent. In France, the headline rate is 33 per cent but the effective rate is closer to 7.5 per cent.

The tax system here also continues to be one of the most efficient in terms of bureaucracy and administration, the Paying Taxes 2015 report found.

To read the entire article, please click HERE.