Oireachtas Joint and Select Committees

Wednesday, 28 May 2014

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

Ireland's Corporate Tax System: (Resumed) KPMG and Unite

3:10 pm

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I wish to focus on some of the figures Mr. Taft put forward in his submission for wages, corporate investment and trade. He has shown that those countries with higher effective corporation tax rates are more successful in terms of the amount of money that comes back into their economies in the form of wages, investment and trade. Does Mr. O'Brien accept the figures put forward by Mr. Taft? It is not possible to be 100% accurate, particularly as there are numerous ways of computing the figures, but does Mr. O'Brien broadly accept the figures? If he does, will he explain why what is outlined is the case? Mr. Taft's evidence appears to go against the laws of capitalism.

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