Dáil debates

Thursday, 10 February 2022

Ceisteanna Eile - Other Questions

Tax Code

10:30 am

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Ireland has had a bargain basement corporation taxation policy for the past 20 or 30 years. We have an infamous reputation as a tax haven. We have done enormous damage to ourselves among our international partners. In debates I have had with the Tánaiste in this Chamber and on radio and television I have stated that any change to the corporation tax of this country would lead directly to radical difficulties within businesses and in regard to the development of a foreign direct investment and a loss of jobs. I welcome the Minister of State's statement that none of that was true and that none of that has manifested itself in any material way. When we look back, is it not true the Government has been pulled kicking and dragging in regard to this new regime? We have lost tens, possibly, hundreds of billions of income forgone as a result of not properly taxing international corporations in this country.

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