It is what brought all the big tech companies to Ireland in the first place but yes it is being phased out. The latest seems to be another loophole where companies register a subsidiary as tax resident in an actual 0% tax haven and then pay royalties to said subsidiary. This gives them  zero profit and therefore zero taxable income but there is very little Ireland can do about without shooting itself in the foot (such as taxing revenue and ensuring Apple et al close up shop and take their business elsewhere).<p>If they decide to be tax resident in Ireland the 12.5% corporation tax is hardly a &#x27;tax haven&#x27; but it&#x27;s still better than most. Another big draw is the amount of money the Irish government puts up to attract FDI through their Industrial Development Authority (IDA).