Gilmore stands firm on corporation tax rate

Tánaiste Eamon Gilmore has insisted the Government will not bow to Angela Merkel and Nicolas Sarkozy’s demands for a hike in the country’s low corporation tax.

As the Troika – the European Commission, International Monetary Fund and European Central Bank – announced that Ireland had met all its European bailout targets, Mr Gilmore insisted the Government would not cave to the Franco-German agenda and hike the 12.5% rate.