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

5:10 pm

Photo of Liam TwomeyLiam Twomey (Wexford, Fine Gael) | Oireachtas source

On the international scene, much of the debate appears to focus on what happens in Ireland and Holland, but perhaps I am wrong. Why is there not as great a desire to rein in the tax havens? There are trillions of euro on account in what are described as "tax havens". They are called "tax havens" as our taxation commissioners and the revenue services of other countries cannot gain access to accounts in these countries. Why has no attempt been made to rein them in? Why does the debate fail to focus on Bermuda or Barbados? The United Kingdom and the USA have more jurisdiction over these countries than they have over Ireland.

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