Revelations However, despite the latest revelations of Brussels’ early-stage inquiry into the tax affairs of Ireland, Luxembourg and the Netherlands, the question of how much power Brussels can actually wield over Ireland’s tax arrangements remains. The sovereignty of individual states’ taxation policies is enshrined in EU law, and controversy over Ireland’s 12.5 per cent corporate tax rate which surfaced during the bailout negotiations has receded somewhat from the political agenda in Brussels. Other moves to consolidate an EU-wide approach to taxation have floundered. Just this week lawyers for the EU ruled that the proposal for a financial transactions tax, which would introduce a tax on financial transactions in 11 states, is illegal as it stands.
Posted on: Fri, 13 Sep 2013 19:04:33 +0000
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