Dáil debates
Wednesday, 11 July 2018
Other Questions
Corporation Tax Regime
11:20 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
As I have made clear repeatedly since I was elected to this House in 2011, I think the system of corporate tax reliefs and allowances are the dirty secret of the Irish tax code in that they bestow enormous tax breaks and big tax loopholes to the benefit of a small number of corporations. Whether it is research and development tax credits, knowledge development boxes, losses forward or intangible assets, and I have raised issues about the section 481 film relief, I can go through the list of loopholes that benefit the big multinationals. Will the Minister undertake a serious, forensic and open review of these in the context of the upcoming budget, when we could seriously do with some extra money for housing, health, infrastructure and a whole range of other pressing social needs?
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