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IKEA: The European Commission announced on the 18th of December 2017 that they are opening an in depth investigation as to whether two tax rulings agreed with the Dutch tax authorities in 2006 and 2011 constituted an illegal State aid.
The new Minister for Finance announced the budget on the 10th of October 2017. As the pace of Ireland’s economic recovery continued there were tax cuts to be delivered, with minor adjustments to rates of USC, and entry point to higher rate tax. A well flagged increase in the earned income tax credit was also included.