Ireland still offers unfair tax deals to multinationals despite its claims of being fair and open, Alain Lamassoure, the head of the European Parliament’s tax committee has said.

A payment crisis is looming in the EU as furious members of the European Parliament reinstate spending on aid, job investment, and youth cuts made by member states for next year’s budget.

There will be one final chance for the Irish to get agreement on the EU’s €960bn budget tomorrow as the European Parliament said there was not enough support for the deal on the table.