Ireland warned on EU taxation future

IRELAND will lose competitiveness to other EU member states if it continues to resist adopting a common tax base, the European Taxation Commissioner Laszlo Kovacs warned.

The Irish Government, together with Britain and about three other EU members, are opposed to harmonising corporate tax or the way it is calculated.

But Mr Kovacs plans to introduce legislation in 2008 to allow up to 20 countries proceed.