‘No move’ to harmonise tax rates

A COMPLETE harmonisation of corporation tax rates across Europe will not happen, the EU Taxation and Customs Commissioner said yesterday.

Speaking in Dublin, Commissioner Laszlo Kovacs said he would be putting forward measures for a common consolidated corporate tax base which would simplify tax calculation methods for companies operating across Europe.

The commissioner said his plan stops short of the introduction of a formal rate of corporation tax for all European countries, as favoured by some states.