Ireland's European Affairs Minister Lucinda Creighton said on Friday Ireland had asked the European Union to attach the formal guarantee of a low corporate tax rate to Croatia's accession treaty, which is due to be signed later this year, Reuters reported.
"What we are proposing is a technical implementation. I don't envisage any problems at this point," Reuters quoted her as saying.
Ireland said today it was confident EU member states would agree to guarantee its low corporate tax rate (12.5 percent), which the EU in 2009 promised to protect as part of a deal to ensure Irish people ratified the Lisbon Treaty on EU institutional reform.
This corporate tax rate is a major factor in attracting overseas investment.
After the promise was made, some countries, notably France, attacked the low rate as being detrimental to free market competition.
