It is ridiculous that the EU commission can tell Ireland to do anything about their taxes. Ireland is a sovereign country and should have complete dominion over their taxes, compliance and tax collection. It is totally up to the country whether they charge 50% or .001% in corporation tax and then instead tax the workers personal income at a larger or smaller rate to compensate.
A few years ago during the financial crisis, Ireland was blackmailed by the ECB to take a bailout instead of allowing European (mainly German) investors lose their worthless investments. Where was the EU commission then?
The only outcome of this will be that it will hurt a small peripheral open economy. It will destroy jobs and future growth. (Ireland is currently the fastest growing country in the EU according to GDP).
Where did they even come up with this 13 billion? It is a totally outrageous figure and almost double what the highest estimate was in the lead up to the investigation.
It stinks of a cash grab and a step towards tax harmonisation... Which will only benefit central EU countries such as Germany, France and Denmark, who are most responsible for this investigation.
It just goes to show the imbalance of power and the bullying of smaller nations. During a football match between Germany and Ireland... The German commentators kept calling the Irish team, the "potato men" when they were beating the home team.
They didn't even accept the vote years ago on the Nice treaty. When it was defeated, they put it to Ireland again a few months later. How is that democratic?
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