Oireachtas Joint and Select Committees

Wednesday, 3 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Terms of Reference of Sub-Committee on Global Taxation: Motions

3:20 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I will be brief. I spoke on this matter when the sub-committee met and my views have not changed. I agree with virtually everything Deputy Donnelly has said. As far as I am concerned, the focus of the sub-committee's work is on policy issues. It is dealing with taxation architecture, the corporation tax code in Ireland as it relates to multinationals, and the relationship between our taxation system and others. Those are the key issues.

The taxation relationship between the Irish State and individual multinationals is managed by the Revenue. Therefore, direct contact between the State and multinationals on tax issues is channelled through the Revenue Commissioners. I am not ruling out asking the multinationals in at a later date, but we need to do our work first. Once we get down to it, we will quickly distil it down to the key issues. Most of us with a cursory knowledge of the subject know what the key issues are, so let us get into it as soon as possible, and deal with the individual companies later.