Warning over harmonising EU tax rates

ANY EUROPEAN moves towards harmonising tax rates across the EU would prevent Ireland from properly managing its own economic conditions, the Department of Finance has warned.

Addressing the Dáil European Affairs committee yesterday Department of Finance assistant secretary Brigid McManus said Ireland was strongly opposed to any moves at European level which would diminish our tax independence.

“The right of member states to decide upon taxation issues allows them to take account of their own position in the economic and business cycle.