French President Nicolas Sarkozy said on Saturday he expected Ireland to raise its corporate tax rate
French President Nicolas Sarkozy said on Saturday he expected Ireland to raise its corporate tax rate but added that an increase would not be a condition for any bailout.
International Monetary Fund and European Commission officials are in Dublin to discuss financial aid to help Ireland cope with its struggling banks, whose huge liabilities have sent Irish borrowing costs soaring.
The main concern for EU policymakers is that Ireland's problems will spread to other euro zone members with large budget deficits such as Spain and Portugal, threatening a systemic crisis.
Euro zone states want Ireland to raise its 12.5 percent corporate tax rate as part of any deal but Dublin argues the low rate is crucial to attracting foreign investment.
Sarkozy, speaking at a news conference in Lisbon on the sidelines of a NATO summit, said he expected Ireland to raise its corporate tax rate.
International Monetary Fund and European Commission officials are in Dublin to discuss financial aid to help Ireland cope with its struggling banks, whose huge liabilities have sent Irish borrowing costs soaring.
The main concern for EU policymakers is that Ireland's problems will spread to other euro zone members with large budget deficits such as Spain and Portugal, threatening a systemic crisis.
Euro zone states want Ireland to raise its 12.5 percent corporate tax rate as part of any deal but Dublin argues the low rate is crucial to attracting foreign investment.
Sarkozy, speaking at a news conference in Lisbon on the sidelines of a NATO summit, said he expected Ireland to raise its corporate tax rate.
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