Oireachtas Joint and Select Committees
Wednesday, 11 June 2014
Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation
Reform of Global System of Corporation Tax: EU Commission and KPMG
2:50 pm
Michael McGrath (Cork South Central, Fianna Fail)
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It all sounds fairly opaque to be honest. Does the European Union speak with one voice at the BEPS table or will countries, based on their national perspective, be able to decide whether they agree with specific proposals, step out of the process and not be bound by ultimate decisions? The Chairman asked about the role of the European Commission in BEPS. On the issue of the EU speaking with one voice, if countries do not agree with specific measures and recommendations in BEPS, can they step out from it?