Oireachtas Joint and Select Committees

Tuesday, 17 June 2014

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

Assessment of Measures Relating to Corporation Tax in Ireland: Discussion

3:30 pm

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

I have a final question for both delegates. Let us say we decide to take a holier than thou attitude on all the issues around corporation tax and tax reliefs and become, as it were, the poster boy or altar boy in this regard. Would that not make Ireland incredibly unattractive for many multinationals and thereby impact greatly on inward investment? Would it turn some of our industrial areas into wastelands? On the basis of what we have heard, that so much of our policy up to this point has been built around taxation matters, if we were to jump out of sequence with all other countries discussing this issue at the OECD, would we not do ourselves huge financial damage, whatever about being seen to be the best boy in the class?

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