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Harmonisation of business taxes will be the number one priority of the French Presidency of the European Commission, which begins next month, officials from the French Department of Finance told business leaders.

A meeting of Medef, the largest French business lobby group, was told that Nicolas Sarkozy's government plans to bring forward concrete measures aimed at harmonising the European corporate tax base and, by extension, all tax rates, as early as September.

This would seem to undermine assurances given by Jose Barosso, the president of the European Commission, on a visit to Ireland last April when he said that Ireland's tax rates would not be threatened.

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