Ireland may have to sacrifice low-tax status

Ireland may have to increase its business and personal taxes and 'become a normal tax country' in order to restore its public finances following the banking crisis, according to Olli Rehn, the European Commissioner for economic and monetary affairs, 1 October 2010.

Irish Times, 2.10.10: Low Irish corporation tax targeted by EU to cut deficit http://www.irishtimes.com/newspaper/breaking/2010/1002/breaking6.html

ESO: Background information: Ireland unveils bank rescue package http://www.europeansources.info/record/ireland-unveils-bank-rescue-package-anglo-failure-would-bring-down-ireland/

Irish Times, 1.10.10: Rehn signals end to low taxes http://www.irishtimes.com/newspaper/breaking/2010/1001/breaking23.html

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