Push for harmonised tax regime continues

THE Taoiseach’s efforts to garner support for Ireland’s opposition to harmonised corporation tax across the EU met with limited support.

EU Commission work on a proposal to harmonise the way in which companies are taxed across the EU is at an advanced stage but is not expected to be unveiled until later this year.

Germany, France and some other high-tax countries with rates of more than 30% believe their companies are using Ireland’s business-friendly tax environment to avoid paying tax and are pushing for a harmonised tax base.