On 21 June 2016, Ireland's Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Paschal Donohoe published the Summer Economic Statement for 2016, which sets out the medium-term fiscal and economic policy, and forms the basis for the 2017 Budget due in October. The key aspects of the statement include:

• The 12.5% corporate tax rate will be maintained;
• The capital ga…