Dáil debates
Wednesday, 16 May 2018
Other Questions
Common Consolidated Corporate Tax Base Proposals
11:45 am
Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source
There is a very serious move to bring in this equalisation levy on digital companies across the European area. Is the Minister saying that this is something he will steadfastly resist and that he expects the Taoiseach and the Government to continue to resist it? Does he see it as inevitable that digital products will be taxed in the country where the sales take place? On the CCCTB, the European directive in 2016 seemed to indicate that having common tax base rules was a very serious objective. That would have huge implications for our corporation tax on tax expenditures and the way we would frame it. Mr. Seamus Coffey, who I think is appearing before the Committee on Budgetary Oversight this afternoon, said that corporation tax is sustainable until 2020 or so but after that we are not so sure and we have had volatility in the past. Would the Minister regard these proposals emanating from the new French President, Mr. Macron, as a red flag that we need to keep a close watch on?
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