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Mon 04 Apr 2007Labour, FF clash over corporate tax moveIreland's low rate of corporate tax has surfaced as an issue in the lead-up to the election campaign with charge and counter-charge between Fianna Fáil and Labour over their respective positions in the European Parliament.Ireland's 12.5 per cent rate is widely regarded as a cornerstone of current economic prosperity. A claim by Minister for Finance Brian Cowen last week that Labour could not be relied on to protect the low Irish rate against moves for tax harmonisation in the European Union was rejected by a Labour spokesman as "typical Fianna Fáil distortion".