'Common EU Corporation Tax' Plans

[SunnyInHades]

"Several reports have revealed today that France and Germany are both planning to introduce a minimum corporation tax rate across the EU, which would mean higher taxes on British companies."
CT Rates:
France 33%
Germany 30%

"This of course will come as a shock to the people of Ireland. One reason they rejected the Lisbon Treaty in their 2008 referendum was because they rightly feared the new treaty would mean the EU would eventually demand they ended their low rate of corporation tax"

[WordIsBond]

Officials for both the Department of Finance and the Commission said this was not the case.

“Individual member states retain the right to set their own corporation tax rates and that is the position,” a Department spokesman said.

“That position won’t change.”

Source

Nothing like that will be brought forward until after the UK referendum. You can bet on that.

[VectraMan]

What are you quoting?

France and Germany are supporting the idea. They can't plan for the EU to do anything as they don't control the EU.

If something like this did happen it'd be to stop the low rates of Ireland and Luxembourg and probably not the UK's rate.

[SueEllen]

I remember reading a few years ago that the EU asked members with low corp tax rates to raise them. There were then "negotiations" to enable Eire et al to remain with such low rates as the countries argued they were too small to have any other incentives for companies to invest in them.

Britain was fine and never in the EU's sight as our rate is not low enough to give us a tax advantage over other EU states.

[WordIsBond]

What are you quoting?

The Irish Independent.

If you click on the underlined word "Source," it goes (interestingly enough) to the source of the quote.

[VectraMan]

The Irish Independent.

If you click on the underlined word "Source," it goes (interestingly enough) to the source of the quote.

I was of course asking the OP what he was quoting. Your link doesn't contain the words he quoted.

[WordIsBond]

I was of course asking the OP what he was quoting. Your link doesn't contain the words he quoted.

Ah, sorry.

The article I quoted mentions the Handelsblatt report. So does this article which has text matching his first paragraph. There's also this article which I couldn't be bothered to register to read.

So the OP clearly wasn't just making it up, I'll give him that.

[Eirikur]

This will never get through, just look at this table: Tax rates of Europe - Wikipedia, the free encyclopedia
Too many EU and wannabe EU countries have much lower taxrates than Germany and France (or even the UK)

[MicrosoftBob]

What are you quoting?

France and Germany are supporting the idea. They can't plan for the EU to do anything as they don't control the EU.

Lol

[uk contractor]

EU will do anything to prevent UK leaving the EU or renegotiating the terms so they favour us not a bunch of losers who cannot sort out their own finances without our £54m a day FORCED contribution