Opening Bell: EU plans for common corporate tax, online shoppers face discrimination, top Google searches

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The European Commission's plans to introduce a Common Consolidated Corporate Tax Base (CCCTB) across the European Union could destroy Ireland's tax take, UCC economist Seamus Coffey has warned.

Speaking before the Oireachtas Finance Committee on the proposals, Coffey said:

"It is not unduly pessimistic that Ireland cold lose up to 50% of our current corporation tax base if the CCCTB is to be introduced."

The Government is opposed to the plans, which include making companies pay tax in countries where sales are made rather than where they are controlled.

With corporate tax receipts set to amount to over €7bn for this year, that would mean €3.5bn less money in the State's coffers.

Coffey also noted that, as well as seeing Irish-based companies forced to pay some of the tax currently paid here elsewhere, it could change corporate behaviour, including where they set up.


EU online shoppers, including Irish people, still face unjustified discrimination due to nationality and place of residence.

A report from the European Consumer Centre Network shows that some traders practice internet geo-blocking to prevent certain EU consumers' access to services.

An Irish shopper was recently charged €155 by a UK online trader for a dress after using an Irish credit card even though the same product was sold for £95 to British customers.

Martina Nee of the European Consumer Centre Network in Dublin:

"The ECC-Net is calling on greater clarity under the service directive for what is discrimination, what business practices can traders use, because in certain circumstances there are situations where traders may not be able to apply services.

"So there needs to be better clarity on that and there needs to be stronger enforcement when in breach of the curve."


Google says Irish people wanted to know more about "Euro 2016" than anything else this year.

It's topped the list of most trending searches - followed by

Google says Irish people wanted to know more about 'Euro 2016' than anything else this year.

It's topped the list of most trending searches, followed by Pokémon Go and the death of David Bowie.

Donald Trump's election, Brexit and the Olympics also make up the top ten.

The terror attacks in Nice, the Dublin Bus Strike and the 1916 rising were among the most searched 'news' events, while the deaths of Prince, Leonard Cohen and sporting legend Anthony Foley also resonated among Irish people.


NAMA officials are being brought back before the Public Accounts Committee today, to explain why notes on crucial board meetings have gone missing.

The committee wanted to see the notes from three meetings that discussed the sale of NAMA's Northern Ireland loan portfolio, known as Project Eagle.

But NAMA's told the PAC that any notes used to prepare the minutes of those meetings were disposed of.

PAC chair Sean Fleming says the committee wants to probe the matter further:

"That was a big surprise to us, to hear that a major state agency operating on our behalf, destroys these records.

"It may be standard practice but if it is, it's news to a lot of people. And the committee will have to consider is this the right way state organisations should run their business."