Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Yes and we are aware of Mr. Geithner's book and the references that he made at that time. But can I take you to a different issue, and that is the issue of Ireland's corporation tax rate? Again, in the lead up to the negotiations and ... there is a reference in evidence that Mr. Cardiff gave in his lengthy written statement where he refers to a visit, a two-day visit to Brussels that he and the Minister and Mr. Honohan would have made in November, and he refers to yourself:

Later that evening, [he says] myself and Honohan had dinner with Mr. Szekely [is that how you pronounce your name?] and his boss, Marco Buti. We went over the day's events and the prospects for Ireland and Europe. Walking through narrow side streets on the way back to our hotel, Honohan told me that while I was washing my hands, Buti had taken the opportunity to tell Honohan that I was unrealistic [on the corporation tax issue] and that we would have to concede on the corporation tax issue.

Is that accurate? Was this your observation, your assessment of the views of other countries or was this a European Commission view?

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