Saturday 10 December 2016

Wake up -- the EU is preparing to kill off our low corporation tax

Published 19/02/2011 | 05:00

Green Party members wearing masks of Fine Gael leader Enda Kenny and Kerry independent Jackie Healy-Rae at a photocall in Dublin,
highlighting the stranglehold they say independents have on the Dail. Photo: PA
Green Party members wearing masks of Fine Gael leader Enda Kenny and Kerry independent Jackie Healy-Rae at a photocall in Dublin, highlighting the stranglehold they say independents have on the Dail. Photo: PA

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.

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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.

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