Ireland faces new threat to 12.5% corporate tax on two fronts

The European Commission is proposing a new form of a common tax base that has long been bitterly opposed by Ireland. 

The European Commission has set out its stall on the overhaul of corporate tax — proposing to go even further with a new form of a common tax base that has long been bitterly opposed by Ireland. 

In a 14-page document, Business Taxation for the 21st Century, which was prepared for the European Parliament, the commission has proposed going beyond the current global initiatives that have anchored Irish prosperity for the past three decades.