EU countries to share tax deals with multinationals

Tax arrangements between countries and cross-border companies will be communicated to all EU states under revised rules in a follow up to the LuxLeaks scandal, in which Luxembourg was found to have struck tax deals with individual companies.

Finance Minister Michael Noonan welcomed the agreement reached unanimously by EU countries yesterday and which will have implications for multi-nationals headquartered in Ireland.

It would cover arrangements such as the alleged sweetheart deal Ireland made with Apple, which is currently being investigated by the Euroepan Commission.