Nice treaty could damage investment in Ireland Inc

The recent legal assault by our EU partner Britain, on the low rate of Irish corporation tax should not surprise us. Indeed, the increase of Irish Corporation Tax or "tax harmonisation" is the stated policy of many EU politicians.

Here are few select examples.

(1) Pascal Lamy, EU Trade Commissioner: 'a natural first step would be to harmonise the tax bases and to adopt minimum tax rates but the ultimate goal should be the creation of a European Corporate income tax whose proceeds would either finance the EU or be allocated to Member Statesto get there, we may need QMV on tax matters relating to the single market: controversial .... perhaps, but a logical development'.