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

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

On risks to the economy from digital taxation, the committee gave a reasoned opinion after meeting various stakeholders in the area. We also examined the global approach. Ireland is a leading participant in the base erosion and profit shifting, BEPS, mechanism to ensure that there is a global approach to taxation and that there is no erosion of sovereignty in terms of Ireland setting its own tax rules. In terms of loss of income and risk to the economy regarding this proposal, is the Central Bank discussing this in any shape or form with its European counterparts?

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