Ireland could lose out if new EU tax plans are realised – Harkin

Ireland could lose out if proposals for an EU-wide common consolidated corporate tax base come into force. That’s the warning from the Independent MEP Marian Harkin. Last night in the European Parliament, the EU’s Economics Commissioner Pierre Moscovici outlined new proposals for a common consolidated corporate tax base across the EU. The EU Commission wants to introduce a common corporate tax base to begin with. And then, at a later stage, it wants to bring in the consolidation element. That would mean companies would have to aggregate their profits across the EU and then divide out the taxable profits among member states. Marian Harkin says that could be bad for Ireland.

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