The EU’s clampdown on corporate tax avoidance will intensify today as the European Commission prepares to unveil a set of proposals in Brussels.
Among the measures will be a plan to stop companies already in the EU from shifting their profits to lower-tax countries in Europe.
Ireland has been in the spotlight over our tax deal with tech giant Apple, which the Commission is already investigating.
However, Grant Thornton tax expert Peter Vale said the proposals being announced today did not pose any danger to Ireland.
“They’re not going for the more difficult areas today,” he said. “For example the matter of taxation of intellectual property is not included today.”
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