Ireland will not support new EU levy on corporate profits, says Leo Varadkar

The EU wants to levy 1.5 per cent of national corporate profits from all countries to help repay major Covid-19 related debt across the bloc

Ireland will not support a proposed European Union levy based on corporate profits that would hit Ireland harder than any other member of the bloc, Taoiseach Leo Varadkar has said.

Speaking on Friday, Varadkar was responding to the proposal laid out by the European Commission which would levy 1.5 per cent of national corporate profits from all EU countries to help repay major Covid-19 related debt across the bloc.

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