Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

Well, during my time in Finance we were always grossly offended by anyone in the international press referring to us as a tax haven. In fact, we ... it was the one thing that concerned the Irish Government, the Department of Finance and the Department of the Taoiseach and they were exercised any time there was ever a hint in an article that Ireland was a tax haven. There were strict definitions of what a tax haven was by the OECD and others and we certainly were not then, or since, a tax haven. And so, therefore, we never ever ... Ireland would vigorously object in all of those years, including to the present day - I'm sure, the current Minister would say the very same - we do not regard ourselves as a tax haven. We have a low rate of corporation tax which-----

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