Eight countries reject EU tax proposal

NATIONAL parliaments in eight EU countries have come out against the proposal to have a single system for companies based in the union to calculate their tax. One parliament, Portugal, is in favour.

However, the number falls short of the one-third of countries needed to force the European Commissionto withdraw or adjust the draft Common Consolidated Corporate Tax Basis (CCCTB) proposal.

The Dáil committee was one of the eight that examined the proposal and said it did not meet the criteria of subsidiarity — that it could be done better at EU level than locally.