MEP's Attack Ireland's Corporation Tax

Destiny's Soldier

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MEPs attack Irish corporate tax rate - RT News

It has emerged that eight mostly French and German MEPs have issued a declaration attacking Ireland's corporate tax rate and calling for a minimum EU-wide corporate tax rate of 25%.

What has heightened the dispute is the fact that the eight MEPs are all co-ordinators for the different political groupings in the parliament and are, as such, representatives for those groupings on an influential parliamentary committee.

The declaration invites signatures from other MEPs and if it can gather the support of 350 MEPs, it then becomes the position of the European Parliament.
Vote Yes for Recovery.

Vote Yes for Jobs.

Irish Europhiles learning the hard way.
 


robut

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European Parliament row on our 12.5% corporation tax .. 30/11/10

Are we going to roll over AGAIN?

And no misspellings :D

Robut
 
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Tigris Celtica

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MEPs attack Irish corporate tax rate - RT News



Vote Yes for Recovery.

Vote Yes for Jobs.

Irish Europhiles learning the hard way.

The Lisbon treaty was (quite rightly) rejected by the Irish people in the first referendum. What part of NO did the great European democrats not understand ?

Shame on anyone who was mugged into voting yes second time around - The very fact that Michael O'Leary was campaigning for a YES vote should have told you all you needed to know. MUGS !
 

dakid

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They are acting outside of their powers they have no competence in this area. Nothing to worry about!
 

robut

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OK,

Happened pretty much same time.

BUT I imagine this is of huge ECONOMIC importance as opposed to just another Europe discussion. The Bailout itself could also fall under Europe.

Up to the Mods

Cheers
Robut
 

Clanrickard

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Ahem. Maybe ye missed the bit in the middle of the article that says.........

However, a spokeswoman for the Commission told RTÉ News that the Commission 'has absolutely no intention of introducing a minimum corporate tax rate of 25pc. It is not even in our competence under the European treaties to do so.'
 

Fergalino

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Yawn.

Given that the EU has no competence over CT taxes, they can think and say whatever they want. The Irish state decides on what its tax rate is. Lisbon does not change this.

What part of "The EU has no competence over the setting of corporation tax" do you lot not understand.
 

Destiny's Soldier

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Part of me says good on them. The more international publicity on this the more companies will be reminded of why they should set up here.
 

TonyB

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If they get 360 signitures it becomes Euro policy.
Not quite, it becomes the parliament's position. Which is a whole other can of potatoes. It means nothing. And the EU does not control taxation policy. It would be the same as Zambia declaring that it doesn't like Ireland's corpo tax policy.

It's all showboating, grandstanding on the part of greedy states. Every single one of them is entitled to lower their corporation tax rate. So go do it! There's nothing to stop them. Oh - wait, yes there is - they all have massive heavy industry (particularly domestically in Germany and France, think cars and pharma) who can't move because they're native, and shift massive tax revenues into those countries. So by lowering their rates, they would lose out loads. For us, we don't have cars or pharma or any other major native industry. So we're dependent on FDI. So if we raise our tax rate we lose loads of wonga. The big countries with massive domestic industries want to have those industries *and* take the FDI away from Ireland. Essentially, Europe is saying "sacrifice yourself Ireland, for France and Germany and Britain".

Well, screw you Europe. You want a lower corporation tax rate? Fine. Lower your rate. See how far it gets you. What a load of nonsense.
 

Grumpy Jack

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For the 1,000th time, they can say what they like - MEPs have no power to change Corporation tax rates or rules. Only the governments from ALL 27 members states acting unanimously can do that.

Here is the relevant part of the RTE report linked to above:

The European Commission is planning to propose a harmonisation of the corporate tax base. Known as the Common Consolidated Corporate Tax Base (CCCTB), it foresees a single set of rules to clarify in which of the 27 member states multinational companies and SMEs should have their profits declared for taxation purposes.

However, a spokeswoman for the Commission told RTÉ News that the Commission 'has absolutely no intention of introducing a minimum corporate tax rate of 25pc. It is not even in our competence under the European treaties to do so.'

Any Commission proposals concerning taxation, either the CCCTB or Corporate Tax, require unanimity, so Ireland retains a veto in this area.
And maybe you should all take on board what German finance minister Wolfgang Schäubl said yesterday, as quoted in today's Irish Times:

Berlin backs down on issue of raising corporation tax - The Irish Times - Tue, Nov 30, 2010

GERMANY HAS admitted defeat in its ambition to see corporate tax rise in Ireland and confirmed it is opposed to EU tax harmonisation.

In recent weeks, senior German officials viewed Ireland’s economic difficulties as a chance to remove this corporate tax thorn in Berlin’s side under the guise of shrinking Ireland’s banking sector to a healthy size.

Officials floated the idea of increasing the fiscal burden on banks through an additional bank levy, thus allowing Dublin leave untouched the corporate tax rate – on paper at least.

Those efforts came to an end yesterday when German finance minister Wolfgang Schäuble said he had been “convinced” by the case made by the Irish Government for retaining its existing corporate tax rate.

“How Ireland makes its tax decisions is to be respected as I would want German tax decisions to be respected,” said Mr Schäuble yesterday. “We don’t want to communitarise everything; tax is not a community concern and will not be communitarised.”
German and French politicians playing to their galleries - just as Irish politicians do.

Nothing to see here, move along please.
 

Clanrickard

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Hooch

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They can whine all the they like, Lisbon II gave the Government an effective veto over any attempt to harmonise CT.

Which is why I voted yes.
 

Thac0man

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This is pretty serious. Now is the time (perhaps the first) that Irish MEPs really fight Irelands corner in the Parliment.

Gay Mitchell and De Rossa are the obvious choices to marshal some plan and allies for Irish MEPs. But instances like this illustrate the sheer folly of sending people like Nessa Childers to Europe. Joe Higgens just lost a bit of the wall he is sitting on too. He can row in and fight or allow Ireland slide closer to being penalised at a time when we need every red cent.

And where is MEP Nigel Farage? Happy to criticise Europes hold on Ireland, but interesting to see how he aligns himself if he is really a friend of the Irish like he claims.

We can though ironically probably rely on Unionist MEPs for support after Peter Robinson made it clear the DUP believes Irish recovery is in the best interests of Ulster. Sinn Fein better be careful though on the legal adive it is seeking about the bailout. Whatever legal council they get they better be very circumspect and judicious with the information.
 

Hooch

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Watching Higgins fight against raising CT would be pretty hilarious. Especially seeing as he's proposed it himself.
 

Terminal

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So they believe they "bailed us out" and now want to hammer home the final nails .... This was not a bail-out .... we have a farcical situation whereby our state is being loaned money by institutions (ECB/IMF) to pay back banks who themselves engaged in reckless lending to our own banks .... these are tantamount to "reparations" comparable to the Weimar government's predicament following WWI ... and we know where that led!! (heaven forbid!)

They have taken/restricted our fishing rights, even restricted what we can do with our bogs and much more .... now they want to impose a common corporation tax ... am not into conspiracies but one wonders if a common tax/fiscal regime was the hidden agenda behind the markets/bondholder difficulty all along?? I hope our MEPs will have more guts than our so called negotiators had and stand firm and together against this proposal.

Besides, such a move just doesn't have implications for Ireland ... if anything smaller peripheral states must stand up to the bullyboy tactics of Germany and France.
 

Thac0man

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They can whine all the they like, Lisbon II gave the Government an effective veto over any attempt to harmonise CT.

Which is why I voted yes.
Spot on. German MEPs in particular cannot pretend that Irelands devaluation of the Euro is not helping German exports reach record levels.

If we are left in penury with no hope of a private sector bouce back, Germany would still benefit. Berlin would also be the first stop for many Corporations currently in Ireland. Merkal only this week said full employment in Germany was now possible. So with Germany swanning along nicely why attack Ireland and strip away our ability to compete?

We should really take note of which parties are making it difficult for Ireland. When we are back on our feet turn around would be fair play.
 


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