Ire­land snubs EU tax plans for web firms

Irish Sunday Mirror - - NEWS - BY SYLVIA POWNALL

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

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