Speaking on Tuesday, Irish Finance Minister, Charlie McCreevy announced that Ireland will continue to resist proposals for corporate tax harmonisation within the EU, such as those recently put forward by France and Germany.
Arguing that issues of tax policy ought to be determined democratically by individual Member States in the light of their individual policy priorities, the Irish Finance Minister explained that:
“Ireland had successfully and determinedly pursued a policy of low personal and business taxation, including our 12.5 per cent rate of Corporation Tax, with spectacular success. We have created a dynamic employment and investment-friendly environment in which over 300,000 new jobs have been created and countless tens of thousands of existing jobs maintained over the past 7 years.”
Mr McCreevy went on to add that while there were many reasons for the successful transformation of the Irish economy, the radical reform of the tax system was an absolutely crucial element, concluding:
“This issue of tax policy determination is one which cuts to the very heart of national sovereignty. We will resist any attempts, from whatever source, which would dilute our sovereignty in relation to this issue which is of such national importance.”
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment