Ireland may be isolated by renewed EU push for common tax base
Brussels
IRELAND is facing another tax battle with the European Union (EU) and this time it will have to fight its own corner.
Less than two months after the EU ordered Ireland to claw back a record 13 billion euros (S$19.7 billion) from Apple Inc, saying the nation illegally allowed the iPhone maker to reduce its tax rate, the European Commission will propose legislation for a Common Consolidated Corporate Tax Base (CCCTB) on Oct 25.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Cut aid for livestock farms to help climate fight, World Bank says
PM Modi votes as India’s marathon election heats up
US, Chinese climate negotiators meeting on greenhouse gas curbs
Japan’s service activity extends gains on solid demand, PMI shows
Australia’s retail sales volumes fall 0.4% in Q1
Xi bristles at criticism of China over the war in Ukraine