Baroso critical of Irish taxation study

EUROPE-wide rules on taxing companies is necessary to improve the EU’s economy, Commission president Jose Manuel Barroso said just days after the Government submitted a study saying it would not benefit Ireland.

The Commission says it does not accept the conclusions of the study drawn up by accountants Ernst Young for the Department of Finance and says some of the figures are out of date.

Tax Commissioner Algirdas Semeta says he is finalising his own impact study and his spokesperson said it will show that contrary to Ireland’s fears, it will benefit the economy.