Oireachtas Joint and Select Committees

Wednesday, 22 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach

3:10 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Our corporation tax rate is not the issue, but it is being confused with the current debate on the way in which international transactions are conducted. The United States has failed to keep abreast of international taxation law and has not addressed intellectual copyright taxes in its jurisdiction. Some of those who have been complaining in the US Senate belong to a political party which is known to give massive tax breaks to international corporations. As such, their actions call to mind the expression of the pot calling the kettle black. As a politician, I have the luxury of being able to make such statements, but I do not expect Mr. Fraser, a civil servant, to comment.

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