Wake up -- the EU is preparing to kill off our low corporation tax
Published 19/02/2011 | 05:00
THE EU summit to discuss Ireland's future is to be held on March 24. A Franco-German move will seek tax harmonisation across the EU in return for increasing support to the European Financial Stability Facility.
The EU will consider extending bailout loans to Greece and Ireland to 30 years in a bid to draw a line under the bloc's debt crisis. It will seek to increase Ireland's corporation tax rate of 12.5pc.
However, such a move would greatly damage our export-led economy and various IDA initiatives. Our corporation tax allows Ireland to attract companies such as PayPal and Google, who are thriving.