McGrath rejects €1.5bn EU demand

Move seen as fresh attempt by France and Germany to get at Ireland’s corporate tax revenues

Minister for Finance Michael McGrath has voiced concern over the proposals. Photograph: RollingNews

Ireland has voiced “significant concern” at fresh attempts by the EU to “disproportionately” raid our corporate profit revenues.

New proposals, tabled at EU level, are seeking to use corporate profits as a basis to increase Ireland’s contributions to the EU budget by up to €1.5 billion. These proposals have sparked alarm and are being strongly resisted by Dublin, due to the “outsized impact” it would have here because of our large corporate profits base, driven ...