November 17, 2010 / 5:57 PM / 9 years ago

Austria ties Irish aid to corporate tax rate

VIENNA, Nov 17 (Reuters) - Ireland’s relatively low corporate tax rate needs discussion if Dublin is to receive outside aid, Austria’s finance minister said on Wednesday.

“When the (aid) takes effect, then there also needs to be talks with the government about this issue,” Finance Minister Josef Proell was quoted as telling the Austria Press Agency in Brussels in response to a question about Ireland’s corporate tax rate.

Ireland’s finance minister suggested earlier that the 12.5 percent corporation tax rate would not change because it was crucial for economic growth. (Reporting by Sylvia Westall and Michael Shields; Editing by Ruth Pitchford)

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