Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
9:30 am
Professor Philip Lane:
That is a good question to ask. Clearly, some of the driving forces here are global. Global corporations are accounting for a larger and larger share of the world economy. The profitability of some of these corporations is unprecedented in global history. There is a global interest in finding a viable global tax system which ensures that these corporations pay taxes in a way that is acceptable to political systems all over the world. That is a common background which the IMF and others will repeatedly comment on.
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