Oireachtas Joint and Select Committees

Wednesday, 28 May 2014

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation

Ireland's Corporate Tax System: (Resumed) KPMG and Unite

3:50 pm

Mr. Michael Taft:

Sorry, if I may finish the answer, I was answering that. The idea that increasing taxes on such firms or indeed increasing the social wage - which is employers' social contribution and which, together with the corporate tax rate, also is one of the lowest in advanced European economies - would disadvantage firms is incorrect. This is because the whole idea of increasing tax revenue and increasing the social wage is that there is more investment into public services, which generates its own economic activity and its own domestic demand. Even if-----