Dow Jones UK asks if Northern Ireland companies should get lower corporation tax rate

In an interview with Dow Jones London, Brendan Morris as Chairman for the Northern Ireland Branch of the Chartered Institute of Taxation was questioned in respect of whether there were concerns that foreign companies might take advantage of the tax regime to set up similar "brass plate" operations, which involve setting up a putative headquarters to take advantage of the tax regime but in fact providing little in the way of jobs or investment.

Brendan Morris responded that  UK transfer pricing legislation already makes this difficult, and added that the tax regime in Northern Ireland could be set up with safeguards to make such profit shifting harder still.