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

3:50 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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The OECD is looking at global tax, which is a global issue rather than one that applies to one specific country. Will this be taken into account in its deliberations? It provides a degree of uncertainty. Will there be a timeframe on when the deliberations are concluded? Ireland has a single rate and it is transparent. Other European countries have a myriad of rates. Will this be reflective of changes happening in the worldwide system and will there be relatively quick closure in respect of the uncertainty it causes?