Dáil debates
Wednesday, 2 April 2014
Companies Bill 2012: Report Stage (Resumed) and Final Stage
2:15 pm
Mick Wallace (Wexford, Independent) | Oireachtas source
Deputy Calleary pointed out that the Bill has closed certain gaps, and it has done so, but not all of them, unfortunately. I believe it will probably be revisited in the coming years and that is perfectly doable. The race to the bottom in how we structure much of our business activities will be addressed in the coming years and I believe that changes will have to be made.
Deputy Tóibín made the point that our reputation has not really done well when it comes to how we have dealt with some of the multinationals which have invested more money in avoiding tax than anything else. This, too, will become an issue in the years ahead. There is a vast amount in the Bill, there are plenty of good things in it and I welcome it.
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