EU tax pooling proposal will be detrimental to Ireland, warns Seamus Coffey   

New EU plans for a so-called consolidated tax base has the potential to be much more costly to Ireland than the billions it's slated to lose under ongoing global reforms, warns UCC economist Seamus Coffey, who is one of the the country’s leading corporate tax experts.

The European Commission set out its stall this week and proposes to go even further than the Organisation for Economic Co-operation and Development, by pitching a new version of a common consolidated corporate tax base that has long been bitterly opposed by Ireland.