McCreevy calls for tax competition in EU

EU INTERNAL Market Commissioner Charlie McCreevy yesterday stated his opposition to the European Commission’s move to consolidate and harmonise taxes.

He told a press conference in Brussels yesterday that he has not changed his views on the need for tax competition between states.

He told a tax conference in Ireland last week he would oppose any attempt to consolidate or harmonise taxes in the EU and warned that investors would take their money elsewhere if rates are too high.