Oireachtas Joint and Select Committees
Tuesday, 26 May 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
European Commission Country Specific Recommendations: Commissioner for Economic and Financial Affairs, Taxation and Customs
2:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Mr. Moscovici is concerned about macroeconomic imbalances. Joseph Stiglitz recently said that the real macroeconomic imbalance, which the Union does not seem to understand, is the gross inequality in the distribution of wealth, a point which Thomas Piketty has also made. This is the pattern across Europe, and it is the danger to macroeconomic stability. Why is that not addressed by him?
Could he also comment on what many people consider to be the return of a property bubble, with rent and property prices going through the roof in this country? What does he think of that?
Some of us oppose the consensus on making Irish corporate tax sacrosanct. We think the rate is ridiculously low and that we should break away from a tax piracy corporate tax policy. What is his view on the replacement of the "double Irish" measure with the patent box or the so-called knowledge box? My view is that it is the same thing by another name and it is another tax avoidance facilitation. Will he comment on that?
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