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Franco-German call for common corporation tax base

Comments

  • #2
    meglome
    Registered Users, Registered Users 2 Posts: 7,980 ✭✭✭meglome


    Tremelo wrote: »
    See here: http://www.bbc.co.uk/news/world-europe-16075890

    This will not fly at all. The question is, does Ireland have allies in opposing this move?

    It's a common corporation tax base, not the same as a common corporation tax rate. Am I missing something?


  • #3
    Amtmann
    Closed Accounts Posts: 6,093 ✭✭✭Amtmann


    meglome wrote: »
    It's a common corporation tax base, not the same as a common corporation tax rate. Am I missing something?

    You probably aren't, Meglome, but I probably am. I was relying on breakingnews.ie, which reported that the Taoiseach will likely oppose this move. What are the effects of harmonising the base as opposed to the rate?


  • #4
    Guramoogah
    Registered Users, Registered Users 2 Posts: 193 ✭✭Guramoogah


    Can we ask France and Germany to urge for a common Vehicle Registration Tax, too, while they're at it?


  • #5
    Jeboa Safari
    Closed Accounts Posts: 1,202 ✭✭✭Jeboa Safari


    They're probably using it as a bargaining chip to get something else, still though, its stupid small-minded, short term thinking and does nothing to help the situation here or in Europe, hopefully it doesn't spook any companies looking to set up here


  • #6
    oscarBravo
    Technology & Internet Moderators Posts: 28,830 Mod ✭✭✭✭oscarBravo


    Guramoogah wrote: »
    Can we ask France and Germany to urge for a common Vehicle Registration Tax, too, while they're at it?
    As long as they don't standardise on Denmark's rates. :eek:


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  • #7
    Bagenal
    Registered Users, Registered Users 2 Posts: 179 ✭✭Bagenal


    With Ireland having rejected the 1st Lisbon Treaty did the other EU members not give guarantees in relation to our right of self governance over our tax amongst other matters?
    I for one am not too happy regarding the news coming from Germany & France over the past while, seems to me they want to re do everything having no regard for the referendums voted on in the past by the Irish people. I did hear on Six one just now that there is rumblings of another referendum though.


  • #8
    meglome
    Registered Users, Registered Users 2 Posts: 7,980 ✭✭✭meglome


    Bagenal wrote: »
    With Ireland having rejected the 1st Lisbon Treaty did the other EU members not give guarantees in relation to our right of self governance over our tax amongst other matters?

    Yup and nothing has changed. Well we might have to agree to some measures to stop us making a mess in the future. I put that in the good things to do category.
    Bagenal wrote: »
    I for one am not too happy regarding the news coming from Germany & France over the past while, seems to me they want to re do everything having no regard for the referendums voted on in the past by the Irish people. I did hear on Six one just now that there is rumblings of another referendum though.

    Germany are France are independent states within the EU. As independent nations they can say what they like. Saying it and actually getting it agreed are very different things. Notwithstanding they are talking about tax base.


  • #9
    carveone
    Registered Users, Registered Users 2 Posts: 1,306 ✭✭✭carveone


    meglome wrote: »
    Yup and nothing has changed. Well we might have to agree to some measures to stop us making a mess in the future. I put that in the good things to do category.

    Indeed. Those assurances were given and frankly nothing will change that. I would like to see a better form of oversight though. Like if Ireland runs a 5% deficit, something other than finger pointing occurs. Perhaps a separate fiscal policy rating agency within Europe can make borrowing harder the higher your deficit is. Ireland yawns at fines. I'm sure we're being fined right now for something...
    Germany are France are independent states within the EU. As independent nations they can say what they like. Saying it and actually getting it agreed are very different things. Notwithstanding they are talking about tax base.

    Tax base or tax rate? Not sure the media is differentiating. I thought tax base was the number of taxed people involved : base * rate = income...

    I'm not sure why people are getting agitated at talk about corporation tax. France never stops mentioning it. They've had a big thing about it for years and years. Whatever. What I'd like to know is what the other 25 nations are doing other then waiting for aliens to come up something...


  • #10
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    Bagenal wrote: »
    With Ireland having rejected the 1st Lisbon Treaty did the other EU members not give guarantees in relation to our right of self governance over our tax amongst other matters?

    Not quite. The Lisbon Treaty was an EU Treaty, the claim was that the Treaty gave the EU the power to set our tax rates - that is, that the Commission or the Council could decide Ireland should have a 25% corporation tax rate, and so it would be.

    We were given a guarantee that that wasn't the case - a bit pointless, because it wasn't anyway. Nobody was ever in a position to decide on our tax rate for us.

    But it's not the same as a guarantee that nobody can put our tax rate on the table as a concession they want. Malta could ask us tomorrow to raise our tax rate in exchange for a pound of cheese - or in exchange for Malta officially saying we were BFFs. France can ask us to raise our tax rate in exchange for France lending us money - or in order that France agree that we can be loaned money by the EFSF, or even the EU.

    Nobody can decide our tax rate - but they can ask us to change it, in exchange for something we want from them.

    cordially,
    Scofflaw


  • #11
    carveone
    Registered Users, Registered Users 2 Posts: 1,306 ✭✭✭carveone


    Scofflaw wrote: »
    Nobody can decide our tax rate - but they can ask us to change it, in exchange for something we want from them.

    Like a big pile of money. Which we got another 4 billion of today !

    It's interesting how belligerant (tv) commentators get when faced with these possibilities. Like we can want but they can never ask....

    I flicked through TV3 for a moment earlier on and there was VB saying "we can leave the euro but they (whoever they are) can't force us to leave". Whatever the argument was, I feel he's somewhat wrong - we face the same choices as Greece did, if the ECB decide they could vapourise our banks and force us to leave the Euro (wouldn't happen unless we defaulted though). The perils of running a large deficit without resort to the markets.

    Given that the government is now concerned about the possibility of the UK not paying a financial tax, that being unfairly competitive to the IFSC, can we now stop complaining about France complaining about our corporation tax being unfairly competitive? :rolleyes:


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