independent

Wednesday 16 April 2014

Taoiseach insists corporation tax won't be increased despite Germany pressure

Taoiseach Enda Kenny
Taoiseach Enda Kenny

TAOISEACH Enda Kenny says the Government will not increase the country's corporation tax rate to get EU recapitalisation of the banks.

Mr Kenny was responding to reports from Germany that the new government there will demand a higher corporation tax level in return for funding for the banks.

But the Taoiseach said Germany was supportive of Ireland.

"We have no intention of changing our corporate tax rate," he said.

Mr Kenny said German Chancellor Angela Merkel said Ireland exiting bailout was important for Europe.

Mr Kenny also said on RTE's The Week In Politics that it was "too early to say" if precautionary credit line would be needed post-bailout.

The Taoiseach said the Government wants to ensure when the country exits the bailout "we put up the shutters behind us".

Mr Kenny refused to say if the Department of Health will need a bailout for overspending this year.

But he said Public Spending Minister Brendan Howlin has "set ceilings for all departments".

Mr Kenny said there "won't be any reshuffle this year, so we move on from there".

The Taoiseach said there was a "certain weariness" with people on referendums.

He queried whether it would be possible to have a Constitution day, where a number of questions would be put.

He said it was "not feasible to have stream of referendums every six months".

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