EU seeks to force firms pay tax where profits earned

A fresh drive by the European Commission to ensure companies pay their tax where they make their profits could have far-reaching consequences for Irish corporate tax revenue.

Some new pieces of legislation will be presented over the next few months, but one of the biggest could be the revival of the common consolidated corporate tax base.

By the end of June, the commission expects to report its findings on whether Ireland granted state aid to Apple, and on similar investigation into the Netherlands and Luxembourg.