Economics
Zombie EU Tax Plan Haunts Ireland After Brexit: Brussels Beat
- Irish may be isolated by renewed EU push for common tax base
- Swiss to get taste of EU resolve on free movement of people
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Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner.
Less than two months after the European Union ordered Ireland to claw back a record 13 billion euros ($14.2 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 on Tuesday. A 2011 initiative failed to muster the unanimity needed largely because of opposition by Ireland and the U.K.