FIRST BLOW AS EU MOVES ON CORPORATION TAX
Cóir Date: 09.09.2010 The pro-sovereignty organisation, Cóir, has said that fresh moves by the European Union to harmonise corporation taxes spell out real danger for the tens of thousands of Irish people employed by multinationals in Ireland. Spokesman, Richard Greene, added that warnings by opponents of the Lisbon Treaty that a push for harmonised tax rules would follow its approval had now been proved correct.
"We were accused of lying when we pointed out that the Lisbon Treaty would be used to harmonise taxes, but now we're seeing that's exactly what's going to happen," said Mr Greene. "Firstly, tax policies will be harmonised, and then the bigger states will push through a harmonisation of rates - with devastating effects for Irish jobs. As things stand even a harmonisation of tax policies will interfere with the ability of the multinational companies based in Ireland to maximise the profits they record in this country, since the EU wishes them to reallocate taxable revenues to the EU country in which they are earned."
"This would greatly diminish the attractiveness of our low corporation tax rate," he continued.
He said that the much-triumphed veto contained in the Lisbon Treaty would not be enforceable at this point, because the Government was indebted to the EU powers to help with Ireland's current financial crisis. "The Government and other Yes campaigners, knew this could happen," said the Cóir spokesman. "They lied to the people, and they should now apologise."
Cóir said that the bigger EU member states such as France and Germany were now driving EU policy, and that, because Ireland had given up her sovereignty and diminished her power in Europe under the Lisbon and Nice treaties, we were powerless to stop policy that would harm our economy.
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