McCreevy to fight EU’s single tax proposal

EU internal markets commissioner Charlie McCreevy will break ranks with his fellow EU Commissioners today when they discuss introducing common rules for calculating company tax across the EU.

Work has been ongoing for the past six years on what is known as the Common Consolidated Corporate Tax Base (CCCTB) and a final proposal will be made this time next year, in 2008.

But the debate has ignited in recent weeks and become particularly intense with Fianna Fáil making it an issue in the general election.