NEWS
IRISH CORPORATION TAX 'SHOULD BE LOWERED' |
22/08/11
The idea of introducing a common corporate tax base between France and Germany has been met with opposition from other European Union member states.
Industry expert Eamonn Donaghy of KPMG told the Belfast Telegraph that the proposals relate to "long-term political aspiration" as opposed to being a solution to the Eurozone debt problem.
Mr Donaghy, head of tax at the firm's Belfast office, said the Irish tax rate should be lowered from its current level of 26 per cent, since the country has created employment and increased tax returns recently.
"This fight back being staged by Ireland in the face of the economic downturn should make Northern Ireland even more determined to lower its corporation tax rate," the insider told people in tax jobs.
In related news, HM Revenue and Customs recently arrested five plumbers in the UK after they failed to declare their full annual earnings to the department.
Search for tax jobs with Integral, the experts in tax recruitment
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Industry expert Eamonn Donaghy of KPMG told the Belfast Telegraph that the proposals relate to "long-term political aspiration" as opposed to being a solution to the Eurozone debt problem.
Mr Donaghy, head of tax at the firm's Belfast office, said the Irish tax rate should be lowered from its current level of 26 per cent, since the country has created employment and increased tax returns recently.
"This fight back being staged by Ireland in the face of the economic downturn should make Northern Ireland even more determined to lower its corporation tax rate," the insider told people in tax jobs.
In related news, HM Revenue and Customs recently arrested five plumbers in the UK after they failed to declare their full annual earnings to the department.
Search for tax jobs with Integral, the experts in tax recruitment
