Irish showdown over corporate tax

Ireland's Minister for Finance Brian Lenihan said on the 18 November 2010 that the Irish Government could accept an aid package for its banks after talks in Dublin with the European Union and International Monetary Fund.

French and German officials were said to be pressing Ireland to increase its low corporate tax rate in return for an aid package, setting the stage for a showdown over a policy long resented by Dublin’s European partners.

Irish Central Bank governor Patrick Honohan said that he expected the irish government would take out a 'very substantial loan' from the EU and IMF to fix its finances.

Spiegel Online International, 23.11.10: 'Germany Must Make Clear That its Capacity to Fund Bailouts is Limited' http://www.spiegel.de/international/europe/0,1518,730701,00.html

EurActiv, 19.11.10: Ireland's corporate tax in EU-IMF firing line http://www.euractiv.com/euro-finance/irelands-corporate-tax-eu-imf-fi-news-499852

Wikipedia: Corporation tax in the Republic of Ireland http://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland

Irish Times, 19.11.10: Corporation tax in the Republic of Ireland http://www.irishtimes.com/newspaper/breaking/2010/1119/breaking1.html

BBC News, 19.11.10: Irish government rules out raising corporation tax http://www.bbc.co.uk/news/business-11794106

Irish Times: Sovereign debt crisis: In depth http://www.irishtimes.com/topics/sovereigndebtcrisis/

Ireland: Department of Enterprise, Trade and Innovation: Speech, 23.11.10: Speech on the Fine Gael private members’ debate on corporation tax http://www.deti.ie/press/2010/20101123.htm

ESO: Background information: Irish banks to face second stress test http://www.europeansources.info/record/irish-banks-to-face-second-stress-test/

BBC News, 18.11.10: Irish Republic minister admits Dublin needs outside aid http://www.bbc.co.uk/news/business-11793025

BBC News, 17.11.10: Q&A: Republic of Ireland finances http://www.bbc.co.uk/news/business-11766346

Irish Times, 18.11.10: Lenihan says Government may accept aid package http://www.irishtimes.com/newspaper/breaking/2010/1118/breaking1.html

IMF: Ireland the IMF http://www.imf.org/external/country/IRL/index.htm

IMF: Press Release, 16.11.10: IMF Statement on Ireland http://www.imf.org/external/np/sec/pr/2010/pr10441.htm

Deutsche Welle, 18.11.10: Irish central bank chief expects 'substantial EU loan' http://www.dw-world.de/dw/article/0,,6246565,00.html

France24, 18.11.10: Ireland expects 'very substantial loan' from EU and IMF http://www.france24.com/en/20101118-ireland-expects-very-substantial-loan-eu-partners-imf-billions-banks-debt-crisis-finance-europe

Spiegel Online International, 17.11.10: 'The Irish Should Stop Bashing Those Who Want to Help Them' http://www.spiegel.de/international/europe/0,1518,729643,00.html

Spiegel Online International, 18.11.10: 'Germany Has a Vital Interest in Ensuring Irish Solvency' http://www.spiegel.de/international/europe/0,1518,729819,00.html

EurActiv, 18.11.10: EU-IMF team en route to Dublin for bailout talks http://www.euractiv.com/euro-finance/eu-imf-mission-assess-aid-irish-banks-news-499805

EUObserver, 18.11.10: Brussels, UK readying 'Oliver Cromwell Package' for Ireland http://euobserver.com/9/31302

Ireland: Department of Enterprise, Trade and Innovation: Press Release, 18.11.10: Corporation tax rate 'is not up for negotiation' http://www.deti.ie/press/2010/20101118a.htm

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