Report suggests suspending tax veto to tackle EU market ‘distortion’

Former Italian prime minister Enrico Letta also recommended a plan to connect more European capitals together by high-speed train. Photograph: Behrouz Mehri / AFP via Getty Images

The report, published on Wednesday, noted there was still “a degree of dispersion” between member states on corporation tax. Ireland has previously been for its 12.5 per cent rate, now raised to the 15 per cent global minimum rate. Mr Letta, who was Italian prime minister between 2013 and 2014, also recommended a plan to connect more European capitals together by high-speed train. Current high-speed rail networks only exist within certain countries, and should be linked up across the EU, he said. “It’s of course going to be hard to connect Valletta with Dublin,” he joked.

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