EU Preparing to Clobber Ireland on Tax After Brexit

Any illusions Ireland might have had that the EU is going to reward them in some way for being its Brexit patsy have evaporated today with the news that the European Commission is pressing ahead with its plan to abolish national vetoes over a swathe of taxation issues. Removing one of the last major hurdles towards an EU-wide tax policy…

Ireland will be particularly hard hit by the changes as their competitive corporation tax rate is central to their impressive growth rates. The EU does not like tax competition or regulatory competition because they expose its own glaring inefficiencies. Hence why their long-term goal is for unaccountable commissars to set all the taxes for 500 million people – and collect them too. It’s only a matter of time before Ireland starts to feel the costs of the EU far more heavily than the benefits…


Euro News

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