Ireland rapped over use of taxes by European Commission

The European Commission has rapped the Government on the knuckles over its use of “volatile” corporation taxes to fund budget increases, a report states.

In its opinion of the Government’s Draft Budgetary Plan, the commission said the Government should have used such “windfall” tax revenues to reduce Ireland’s national debt.

Overall, the commission is of the opinion that the Draft Budgetary Plan is broadly compliant with the provisions of European rules.