Assurances Ireland’s tax rate not under threat by EU

IRELAND’S tax rate is not under threat, according to the Finance Minister Brian Lenihan, Enterprise, Trade and Innovation Minister Batt O’Keeffe and the Chartered Accounts of Ireland.

This follows news the European Commission is preparing plans on the way corporation tax is calculated in the European Union.

Mr Lenihan said there were no plans to set a European corporation tax rate while Mr O’Keeffe said there is a legal guarantee from the EU that Ireland sets its own corporation tax rate.