A senior European Commission official signalled that Ireland may have to increase its business and personal taxes and ‘become a normal tax country’ in order to restore its public finances following the banking crisis, the Financial Times reported on 1 October.
Olli Rehn, the EC’s Head of Economic and Monetary Affairs, said at the end of a summit of finance ministers: ‘In the coming decade, it’s a fact of life that after what has happened, Ireland will not continue as a low-tax country, but it will rather become a normal tax country in the European context.’
The Irish Times (6 October) quoted Ireland’s European commissioner as saying that Brussels was not ‘dictating the pace’ to the Irish Government as it prepares ‘drastic austerity measures’.
A senior European Commission official signalled that Ireland may have to increase its business and personal taxes and ‘become a normal tax country’ in order to restore its public finances following the banking crisis, the Financial Times reported on 1 October.
Olli Rehn, the EC’s Head of Economic and Monetary Affairs, said at the end of a summit of finance ministers: ‘In the coming decade, it’s a fact of life that after what has happened, Ireland will not continue as a low-tax country, but it will rather become a normal tax country in the European context.’
The Irish Times (6 October) quoted Ireland’s European commissioner as saying that Brussels was not ‘dictating the pace’ to the Irish Government as it prepares ‘drastic austerity measures’.
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