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Irish businesses right to be worried about Lisbon Treaty – McDonald

17 January, 2008


Speaking at a meeting of the Oireachtas European Affairs Committee in Leinster House this morning which was also attended Chambers Ireland and the Irish Small and Medium Enterprises Association, Sinn Féin MEP Mary Lou McDonald said Irish businesses are right to be worried about the implications of the Lisbon Treaty if it is ratified.

Ms. McDonald said, "The Lisbon Treaty, if ratified would have huge implications for business in Ireland. The European Commission has made no secret of its desire to control matters in relation to corporation tax. The weakening of our influence as a result of the Lisbon Treaty would make it even more difficult for the government to resist such measures.

"While proponents of the Treaty claim that Ireland's veto will block measures from the EU to control our corporation tax policy, the European Commission has claimed that if Ireland blocks its measures they will simply take a back door option. Therefore Irish businesses are right to be worried about the implications of the Lisbon Treaty." ENDS

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