Results 9,341-9,360 of 16,492 for speaker:Ciarán Lynch

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Should we charge a withholding tax on the way the transfer pricing is done?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: We will take both contexts so.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: In terms of transfer pricing, the way that it is worked out. How do we charge a withholding tax on the transfers?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: It would be like a financial transaction tax, FTT.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: The Deputy has two minutes left.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Yes, if it is short.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Deputy Dara Murphy, briefly.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Deputy, your question.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: To assist the Deputy-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: I will give the Deputy the time. In a situation where the intellectual arm of the company is taking intellectual copyright money and another arm of the company funds the development of the construction of that factory in Ireland and puts a base interest rate on the repayment of that loan, which would be well above what would be bought in the market, that comes into the equation. Is that right?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: I will continue a point made by Deputy Stanley on a proposed re-examination of the Irish corporation tax rate. A multiplicity of factors are involved; there is the impact on the FDI currently resident in Ireland and also in terms of the situation for Mr. O’Brien with regard to future FDI. Is there a possibility of damage if one starts to move the figure around? What are the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: My question relates to Deputy Murphy’s question on reputational damage. One person’s reputational damage could be interpreted by others as an advertisement for this country. My question relates to certainty. If one moves the figure one will create uncertainty as to where the figure will go in the future. What are the implications arising from the uncertainty?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Mr. O'Brien is in the international market. Is certainty an asset or would there be a concern if there was a question mark over it?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: There are ethics involved. I was at a chartered accountancy event and ethics in business is an issue.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: It is up to an individual nation state to decide on its corporation tax. We can decide whether it should be 99.9% or 1%. Scrutiny measures that apply across many OECD and European countries focus on the margin between the corporate rate and the effective rate. How does Ireland perform in that regard?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: I want to separate tax evasion from tax avoidance and tax compliance. Our main project here is to consider the architecture of the application of global taxation, considering what is happening in that arena and Ireland's place and position in that, what we can do, what we can not do, what we can do unilaterally and what we have to do in other contexts. To use the analogy I used earlier, for...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: There will be no change to the effective tax rate.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: In the broad context, there is a strong argument that everybody must jump together on this issue if a solution is to be found. Is there anything we can do in isolation that adjusts the type of anomalies Mr. Taft has described, or can we do something to our effective tax rate system that makes it stand up better to scrutiny and comparative analysis with other regions?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: Thank you Mr. Taft and Mr. O'Brien. We will now proceed with the questions. We will break the questions down into 15 minutes slots. These committee meetings are broadcast live either on a unified streaming platform, USP, the web and so forth. For a layperson looking in on this the easiest way to explain the effective tax rate for a PAYE worker is in terms of net take home pay as opposed...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: (Resumed) KPMG and Unite (28 May 2014)

Ciarán Lynch: I will probably come back to you on the matter, Mr. O'Brien. My next question is in regard to the comparative nature of taxation. Mr. Taft, what is your definition?