EU

Ireland’s opposition to proposed tax changes sets it on collision course with EU heavyweights

Ireland won a reprieve on tax, while central supervision has been put on the long finger

Taoiseach Simon Harris. Picture: Ludovic Marin

Germany and France have vowed to press for more centralised capital markets oversight despite pushback from Ireland and a group of other EU countries.

After a divisive EU summit on Thursday, Olaf Scholz, the German chancellor, said the capital markets union — a project to funnel Europeans’ savings, pensions and venture capital to more firms — would not be held back by any one country.

When asked about Ireland’s opposition to harmonising corporate tax regimes, ...