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

3:40 pm

Mr. Liam Lynch:

There is only one comment that I can make on the matter without talking about affairs I know nothing about regarding individual companies. The Base Erosion and Profit Sharing project is a global project that is delivered by the G20 and is not an Irish specific project. If it were then I could take the point made by the Deputy. However, it is not an Irish specific project. It is a global project that looks at the way in which the tax systems of various countries around the world interact with each other. It is part of the BEPS project to look into these questions. It considers how best the tax systems, in those countries, can interact with each other much better and closes any perceived gaps that may exist between them.