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

5:30 pm

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

I will round off today's proceedings, finish with two questions and leave the witnesses open to make additional comments. My first question relates to the Irish context. Should we limit the abilities of companies to use or avail of tax provisions in other countries and with other treaties? Should companies pay tax in the location of their assets or workers, as is now the case, or in the location of their customers? I would be interested in hearing Mr. McCaughey's response to the next question because there is a social commentary dimension to the work of his organisation. The question might be relevant to Mr. Keegan as well in terms of what is the best solution. Are they looking for a universal code of practice on the global architecture of taxation, which is a one-size-fits-all approach? Alternatively, are they suggesting that there need to be some agreed baselines across the global structure and that nations can decide their own corporation tax rates inside that global structure?

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