Thursday, April 10, 2008

A Corporate Tax For Ireland


In June a referendum will be held in Ireland on the Treaty of Lisbon. Ireland is the only country bound by law to ratify or reject the Treaty through referendum. Suddenly there are fears (and hopes) for a rejection, thanks to statements made by Christine Lagarde, French Minister of Finance. The minister insists that France will push for harmonization (or "Europeanization") of corporate taxes during the French presidency of the European Council that begins in June. This will mean financial disadvantages for Ireland that will have to turn a portion of the corporate taxes it levies over to the EU. The prospect has kindled fear among EU proponents of a rejection of the Treaty by the Irish people.

For more details about the financial consequences of Lagarde's plan, read this article from
Ireland.

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1 Comments:

At April 12, 2008 9:38 AM, Blogger Irish Tory said...

does this referendum really matter? If it is rejected, we will just have to revote untill we 'get it right'!

No, the treaty that we should have opposed was the Treaty of Rome, its too late now, the monster we have created is in charge.

 

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