Oireachtas Joint and Select Committees

Tuesday, 17 November 2020

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2020: Committee Stage (Resumed)

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I have a query. Some international experts are worried about the strength of Ireland's CFC, rules. I welcome that companies that appear on the EU's new blacklist will no longer be able to avail of exemptions, but I am worried about those companies that are not on the list. No EU jurisdictions are on the list. Although these measures spring from the EU's anti-tax avoidance directive, I am concerned that the rules, despite today's welcome amendments, are unlikely to succeed in their aim of curbing aggressive multinational tax avoidance. Will the Government publish any publicly available data on the impact that blacklisting has on financial flows between Ireland and jurisdictions on the blacklist? Will a report be published to give us an update on the blacklist?

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