Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-366-000"
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"en.20120703.18.2-366-000"2
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"We fully endorse the report’s recommendations to the EU to address the Union’s weaknesses and strengthen its advantages, in order to attract and maximise global investment opportunities.
We fully support what it says about increasing the benefits of the cohesion policy, addressing human capital needs in the EU, and encouraging research and innovation. Our competitive corporate tax rate, however, is the cornerstone of Ireland’s attractiveness for foreign direct investment and global businesses.
Harmonisation of the corporate tax rate (CCCTB) would very adversely affect that strong element of the Irish economy which is essential for economic recovery and growth.
Taxation matters are a national competence and EU institutions must respect that. Under the additional protocol in relation to the concerns of the Irish people on the Treaty of Lisbon, which was recently ratified in the European Parliament, taxation matters are a competence of Member States.
In our opinion, the CCCTB would not improve the functioning of the single market but would adversely interfere with small open economies such as Ireland’s. For that reason, we abstained on this report."@en1
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