Ireland snubs EU tax plans for web firms
FINANCE Minister Paschal Donohoe says Ireland is opposed to plans to introduce an equalisation tax across EU states.
Speaking at a finance ministers meeting he said he did not support French proposals to tax large internet companies on their turnover per state, rather than their profits.
Mr Donohoe said the problem should instead be dealt with by the OECD, which includes the US.
Ten member countries, have called on the European Commission to examine if the so-called equalisation tax is feasible.
Ireland is one of six countries opposed to the idea while Luxembourg and the UK urged caution.
SUMMIT Paschal Donohoe