Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of EU Legislative Proposals

2:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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Yes. The reason I asked that question is because it would be fair to say that the Commission's argument at the time was that it was too complex across 27 member states and it needed to be simplified. However, the argument from the recent opinion is, "We don't agree with you in relation to that." The thrust of it now for those who are trying to put forward this new version of CCCTB is that it is to deal with tax avoidance, tax evasion and the issue of the Apple case and other such cases. It is to make it difficult for multinationals to avoid paying tax. In my view, it is about trying to make the narrative suit the agenda, which has been there for a long time.

The fourth reason set out in the reasoned opinion stated, "Yet the proposal would legislate to effectively redistribute the EU corporate tax base among member states based on new allocation factors." The main weakness not addressed in the proposal or impact assessment is why would the 27 member states legislative for such an unequal policy outcome? Does Mr. Hession believe that still stands today from the analysis done within the Department?