Oireachtas Joint and Select Committees
Tuesday, 27 May 2014
Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation
Ireland's Corporate Tax System: Discussion
4:40 pm
Mr. Sorley McCaughey:
The issue of shareholder power in a situation like that is interesting. I would not overestimate it. The amount of money that is being held offshore is, as the Chairman stated, astronomical. In the main, multinational corporations are waiting for some kind of amnesty, as happened previously. I will leave it at that.
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