Oireachtas Joint and Select Committees
Tuesday, 2 July 2019
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Double Taxation Relief Orders 2019, Swiss Confederation and Kingdom of the Netherlands
Paul Murphy (Dublin South West, Solidarity)
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It sounds like he gives a similar kind of speech to the ones given by the Government in Ireland, by saying that this needs to be tackled internationally and so on. Would the Minister agree that Switzerland is a corporate tax haven? Some 30% of Fortune 500 companies have operations in Switzerland. It is a relatively small country and one can presume the companies are there to avail of a favourable tax situation. There have also been sweetheart deals in Switzerland with particular multinationals. Like the latest model for tax avoidance in Ireland, it uses patent boxes and knowledge boxes to facilitate corporations extensively getting away with paying extremely low rates of tax.