Oireachtas Joint and Select Committees

Thursday, 25 January 2018

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

Common Consolidated Corporate Tax Base: Discussion

9:00 am

Mr. Paul Tang:

My understanding is that Mr. Juncker's proposal was not that specific but my assumption is that it would be qualified majority by then. If it was not it would not provide the break with the situation where one member state can block it. In that sense the Deputy is correct. I am not a federalist in my approach to Europe but I think that where we have a shared common interest there should be more majority voting. Capital has become very mobile and is global. We cannot work on that alone. When I hear people speak of sovereignty I wonder how sovereign they are. Is that country able to raise corporate taxes? Is it so sovereign that it can do that or is it only able to change them one way, and that is down?

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