Oireachtas Joint and Select Committees

Tuesday, 13 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of EU Legislative Proposals (Resumed).

2:35 pm

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I thank the witnesses for their detailed presentations. Ireland has made huge inroads in dealing with tax evasion and reforming its corporation tax policy. The "double Irish" loophole has been closed, there has been detailed examination of the section 110s and an expert has been commissioned over the budget period to review the corporation tax policy, which will be very welcome.

There has been a watering down of our sovereignty and ability to set our own tax rules. We will always have legitimate debate on how much corporation tax companies pay and where they pay it. It is fundamental, however, to the process that as a member state we retain our right to set our own tax rules. That is a cornerstone. Would Ms O'Brien agree with that?

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