As certain EU member states seek to check tax competition in an expanded EU, Ireland’s Prime Minister Bertie Ahern last week rejected calls for corporate taxes to be harmonised.
"Tax harmonisation in my view, and tax issues, are a matter of competence of member states and should remain so," commented the Taoiseach, after talks in Lisbon with Prime Minister Jose Manuel Durao Barroso.
Ahern’s remarks were made shortly before France and Germany announced proposals to introduce a uniform system for calculating a company's tax base within the EU, and to establish a ‘tax corridor’ within which corporate tax rates in the Union should be set.
German leader, Gerhard Schroeder has been particularly vocal on the issue.
The Chancellor is dismayed that the Central and Eastern European states that have recently acceded to the Union are being allowed to poach investment away from the established countries through low taxation whilst receiving large infrastructure grants from the EU budget, largely funded by the likes of Germany and France.
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