Oireachtas Joint and Select Committees

Tuesday, 17 September 2013

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation

Base Erosion and Profit Sharing: Discussion with Trinity College

3:05 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

To simplify the ambition of some of the large powers and groupings in the world, be it the OECD, the G8 and the like, the ambition would be that multinational corporations would pay tax somewhere. How long realistically will it take them to arrive at that point? Second, given that we have been so successful so far with the tax system we have in place, and we have adopted a position of low taxes to attract high volume which is clearly the best business model for any business, are there things we should be doing now to position ourselves on the basis that action will be taken on a global scale and that if corporations must pay tax somewhere, we are positioned to be that place, as we have done on the rate?

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