Spokesperson on Finance, Michael McGrath has again re-iterated Fianna Fáil’s opposition to renewed attempts being made to move to common tax rates across the European Union.

Deputy McGrath was responding to comments made by the French Prime Minister, Manuel Valls to the Financial Times that “EU member states must progress towards common European tax rates.”

“This is completely unacceptable to me, and to my party. Fianna Fáil will protect Ireland’s tax sovereignty, and our ability to set our own tax rates, at all times.”

“Setting Ireland’s corporate tax, and income tax, rates are the sole prerogatives of Dáil Éireann.”

“Fianna Fáil will trenchantly oppose any measures by individual EU member states, the Commission or the Parliament,” said McGrath.

“As a party, we will be using our influence within our European political grouping to ensure we protect the treaty-guaranteed right to set our own tax rates.”

“Taxation policy is one of Ireland’s main mechanisms of driving investment into Ireland, and ensuring that Ireland continues to be a major beneficiary of Foreign Direct Investment. This will not be up for negotiation,” concluded McGrath.