Libertas: Treaty threatens our corporate tax regime

ANTI-Lisbon treaty group Libertas yesterday claimed Fine Gael and Labour “simply could not be trusted” to defend Ireland’s business tax regime which has proved so beneficial to the economy.

Ireland will retain its veto on tax issues if the Lisbon treaty is passed, meaning it can reject any move to harmonise tax rules or rates.

But Libertas believes the treaty will “open the back door” to a common consolidated corporate tax base (CCCTB), if passed.