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Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: I am sorry but I must ask the Deputy to be succinct in his questions, and witnesses should be succinct in their answers as well. A question?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: One can actually do it with the property tax. One can defer it.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: A pensioner can defer it.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Yes.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Simple interest, not compound.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: I am giving Deputy Boyd Barrett a bit of latitude.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Can I interject, because this is a point of contention? We have major global operators here from the western hemisphere, but we have no global operators from the eastern hemisphere. It is the same taxation system. I will not name the companies as it is obvious who they are, but I note that they are not in the Irish market. They are neither here as brass plate companies in the IFSC or with...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: I call Deputy Mathews.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Very little. I will give Deputy Mathews ten minutes maximum as I want to finish this meeting at 5.50 p.m.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Yes, I am allowing the Deputy to contribute. He is on the clock now.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: A question, please, Deputy Mathews.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Will you put a question, please?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: It is but we are not having a conversation. There are witnesses here to whom we should put questions. I would like the Deputy to put some questions.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: We have had four minutes already. Is the Deputy’s question whether the baseline corporation tax should be increased by 3%?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Do Mr. Keegan or Mr. McCaughey wish to speak?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: We need contributions that are-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Will Deputy Mathews respect the Chair? I need questions that are germane to this afternoon's proceedings. We are not in a banking inquiry. We do not have any banking officials across the table. This discussion relates to global taxation and the architecture of it. Has Mr. McCaughey concluded his response? I will hear from Mr. Keegan. This is a serious matter, Deputy Mathews.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: Mr. Keegan, without interruption.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: I will round off today's proceedings, finish with two questions and leave the witnesses open to make additional comments. My first question relates to the Irish context. Should we limit the abilities of companies to use or avail of tax provisions in other countries and with other treaties? Should companies pay tax in the location of their assets or workers, as is now the case, or in the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Ciarán Lynch: From the get go?

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