Oireachtas Joint and Select Committees

Tuesday, 7 February 2017

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

EU State Aid Investigations into Tax Rulings (resumed)

4:00 pm

Mr. Mark Redmond:

No. In short, Ireland is not a tax haven. That is not just me saying it. It has been put on the record of this committee by Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, José Ángel Gurría, the Secretary General of the OECD, and Pascal Saint-Amans, the leader of the OECD’s BEPS project. Tax havens do not have over 70 tax treaties and 20 information exchange agreements. Tax havens are not fourth in the world to sign a bilateral agreement with the United States of America on its Foreign Account Tax Compliance Act. Tax havens do not have 250,000 people working and creating brilliant products and services which are saving and enhancing lives around the world. That is why I keep saying to the committee that we need to put the facts out about the substance and depth of the US-Ireland relationship.