MEPs denounce corporation tax rate

FRENCH and German MEPS have once again raised the spectre of the contentious Irish corporation tax rate after they issued a declaration denouncing the Irish rate and calling for a minimum EU rate of 25%.

The eight MEPs are highly influential, all being co-ordinators for the different political groupings in the parliament.

The declaration asks for signatures from other MEPs and if it can gather the support of 368 MEPs, it will be deemed the official position of the European Parliament.