Wednesday January 29, 2020

Honohan recalls troika’s threat on corporation tax

The former Central Bank governor has recounted the ‘unpleasant’ experience of an EU official’s remark over dinner at the height of the bailout

26th May, 2019

Ireland was told to ditch its 12.5 per cent corporation tax offering by a senior EU Commission official over dinner at the height of the troika bailout, in what former Central Bank governor Patrick Honohan has described as an “extraordinary” incident and an “unpleasant experience”.

Honohan writes in his new book about the incident, which occurred in 2010 and which also involved the former head of the Department of Finance, Kevin Cardiff.

The...

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