Why Ireland won’t budge on corporate tax cut
01 June 2012
Irish leader Enda Kenny signed up to the EU's fiscal compact on tighter budgetary controls in March, but this should not be taken as a sign the country will agree to EU harmonisation over corporate tax rates.
The new rules will require governments to keep structural budget deficits below 0.5% of GDP or they could face fines of up to 0.1% of GDP by the ECJ.
All the main political parties in Ireland, barring Sinn Fein, are supporting the compact and opinion polls suggest it will be accepted in a referendum held on May 31.
France and Germany are keen to move forward...
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