Dáil debates
Thursday, 29 September 2016
Other Questions
State Aid Investigations
2:45 pm
Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source
I understand that on Monday last, the Minister met Pascal Saint-Amans, the director of the OECD Centre for Tax Policy and Administration. He apparently said that the IRS in the United States could be entitled to much of this money. In the context of the forthcoming finance Bill, will there be any more impacts from this ruling in regard to our progress on base erosion and profit shifting, BEPS? On an issue we have been discussing at the budget committee, is the Minister confident loopholes are being closed off fast enough to ensure the Minister has more wriggle room on the fiscal space?
I note The Guardian newspaper on 18 September published an open letter from the US Business Roundtable group to 28 leaders of the EU which reads like a veiled threat to the EU on future US investment here and refers to the judgment as a "grievous self-inflicted wound" for the EU and its citizens. Is the Minister aware of this?
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