Ireland will “robustly” defend any EU pressure to increase its low corporate tax rates. That’s the warning from the Fianna Fail MEP Billy Kelleher.
He was responding to last week’s announcement by the European Commission of a seven hundred and fifty billion euro (€750bn) recovery plan. The proposed funds will go towards helping countries, regions and sectors recover from the financial impact of the Covid pandemic.
The Commission is proposing a range of options to get its own sources of revenue to repay the massive loans that will be required to fund the recovery plan.
They include imposing annual levies on large multi-national companies to access the EU’s single market.
Here’s Billy Kelleher.
Out words : industrial policy