EU harmonised business tax ‘bad for Ireland’

PROPOSALS for a harmonised corporation tax rate across Europe will be detrimental to Irish businesses, according to the country’s largest accountancy body.

Chartered Accountants Ireland met European Commissioner for Taxation Algirdas Semeta to outline what it described as serious issues in current EU tax proposals.

This was the first meeting between an Irish business group and the recently appointed commissioner for taxation and customs union, audit and anti-fraud.