TDs and senators criticise EU tax plan

European Commission officials have insisted Ireland’s 12.5% corporation tax rate is not under threat from the proposed new corporation tax plan out of Brussels, as they faced a barrage of criticism from TDs and senators.

Tax officials appeared before the Oireachtas finance committee, at times facing aggressive questioning from members about the impact on Ireland of Brussels’ relaunched proposal for a Common Consolidated Corporate Tax Base (CCCTB)

Bert Zuijdendorp, head of unit company taxation initiatives at the commission, denied that Ireland’s 12.5% corporation tax would be targeted by the CCCTB, insisting it was simply an easier way for member states to regulate and streamline their corporate tax systems.