Oireachtas Joint and Select Committees

Wednesday, 23 September 2015

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Double Taxation Agreements Motion: Minister of State at the Department of Finance

4:30 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I presume what we have discussed is not part of but has been influenced by the BEPS project. The idea behind the BEPS project is to try to find solutions where we can have simple, almost one size fits all, tax treaties for all countries that sign up for the BEPS project. Will that change all these tax treaties for Ireland? If BEPS were to be successful, will all the tax treaties change?

The Irish ambassador is signing treaties on tax information exchange agreements with the Commonwealth of the Bahamas, Saint Kitts and Nevis. Does that mean they are effectively under the jurisdiction of the United Kingdom? Are the Bahamas influenced by UK law or are they completely separate?

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