IRELAND faces renewed pressure on corporate taxes after France and Germany threw their weight behind US proposals for a 21pc global rate. “They are restating long-known and well-held positions in relation to corporate tax levels within the EU,” he told TDs in the budgetary oversight committee yesterday. But he admitted and that “solidarity is in short supply” on tax matters, and said Ireland would have to “make the case” for tax competition at EU and global levels. “A race to the bottom on the taxation system will not be a solution for any European country,” Mr Le Maire said. “We are now on a very good track,” said Mr Scholz.

Source: Irish Independent April 27, 2021 18:08 UTC