Results 701-720 of 1,212 for speaker:Dara Murphy

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)

Dara Murphy: Does it include investment by governments?

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)

Dara Murphy: Are we not talking about foreign corporate investment here?

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)

Dara Murphy: Does Mr. Taft accept that Ireland has the second highest figure per head of population for foreign direct corporate investment, after Singapore?

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)

Dara Murphy: I am asking a specific question to clarify the statement Mr. Taft made about corporate investment. The bottom line is that Ireland has an extremely high level of foreign direct investment.

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)

Dara Murphy: Mr. Taft described Ireland's effective corporate tax rate as being at the lower end of the scale. Does he accept that when any consumer looks at a price list, the items or services with the lower prices will be more attractive?

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)

Dara Murphy: Does he agree that this principle would apply to companies looking at effective tax rates in various jurisdictions? Mr. Taft said in response to questions from colleagues that the issue is not the effective corporate tax rate as such, but he certainly took a cut at it in his opening statement. Does Unite have many members working in foreign multinational companies?

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)

Dara Murphy: Mr. Taft made the point that Mr. O'Brien is representing the accounting and tax perspective, while Unite is taking a more macroeconomic position on these issues. Does he accept the basic economic principle of the law of diminishing returns? Does he accept, for example, that if we raise corporate tax rates, there is at least a potential risk in terms of the total revenue accrued?

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)

Dara Murphy: Does Mr. Taft then accept Mr. O'Brien's point that we should perhaps consider lowering the rate in order to compete with the United Kingdom?

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)

Dara Murphy: Why not?

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)

Dara Murphy: Why then are we seeing economic growth in the United Kingdom in the wake of the changes that have been introduced there? I am not suggesting we should necessarily follow that country's lead, but there is a principle to be clarified here. Mr. Taft seems very critical of our having a very low, competitive effective tax rate and he is not willing to accept that raising the rate would be a bad...

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)

Dara Murphy: I take that point. Other factors are the quality of the workforce, access to markets and so on. I am not disputing that. The other issue both of the delegates mentioned is the question of reputational damage. Is Mr. Taft really saying that there are people in other countries who decide not to buy Guinness or other Irish products because of our corporation tax rate? Does he not accept, on...

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)

Dara Murphy: Will Mr. Taft define "reputational damage"?

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)

Dara Murphy: I have already made the point about foreign direct investment.

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)

Dara Murphy: To which countries is Mr. Taft referring?

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)

Dara Murphy: Will Mr. Taft name them?

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)

Dara Murphy: Mr. Taft has named some of the richest countries in the world. In his submission Mr. O'Brien asserts that there are no glaring examples of Ireland being at variance with the global taxation system and no issues in respect of which we could make changes here. I would have expected that there would be some areas in which we might have been able to act unilaterally. Has this process not...

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)

Dara Murphy: We should also be careful that we do not undermine Irish corporations which operate here. The sub-committee occasionally tends to focus too much on the big bad multinationals. Ireland and many other countries are now involved with the BEPS process. Mr. O'Brien has mentioned that he has studied other tax systems. In that context, will he indicate if there are matters on which we should be...

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)

Dara Murphy: Would one of the reasons to which Mr. O'Brien refers be the need to maintain employment levels among indigenous workers? Is there an argument that the change should not be reversed while unemployment levels remain high?

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)

Dara Murphy: Was that hundreds of jobs-----

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)

Dara Murphy: I am fascinated by the issue of reputational damage. Mr. O'Brien has stated KPMG meets representatives of foreign companies in the interests of trying to promote Ireland. Has any company ever stated our tax rate is too low and that it is having an adverse impact on its operations?