The Government continues to have “reservations” over proposals by the European Commission, which are likely to recommend next week levying a 3% tax on the sales of major online companies. However, the Government believes the debate over the plans will be long drawn out, say officials.
A prediction by the French finance minister that the EU plan to tax revenues of tech companies in Europe will be set at a rate “closer to 2% than 6%” will boost the chances of the proposal being adopted in the face of Irish opposition, a leading Irish tax expert has said.
Further strong growth in the construction industry has set the scene for Finance Minister Paschal Donohoe’s summer update of the Government’s economic and fiscal targets later this week, the last before his first budget in October, but a renewed focus on tax and multinationals by France could sour the upbeat outlook.
Moving European farm payments to a single flat rate model by 2019 is too radical and risks penalising more productive farmers, according to Agriculture Minister Simon Coveney and his newly-appointed French counterpart, Stéphane le Foll.
IRISH farming interests have been protected by the long-term food security and emergency food stocking model proposed by French president Nicolas Sarkozy and Agriculture Minister Bruno Le Maire at the G20 World Farm Leaders meeting in Paris.
TAOISEACH Brian Cowen has again been warned that the Irish livestock sector will be devastated if the European Union goes ahead with a bilateral deal on agriculture with the Mercusor trading group of Latin American countries, Brazil, Argentina, Paraguay and Uruguay.