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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: If we are forced to have the same rate, why does the United Kingdom have different rates?

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: It is a new system. Nowhere else in the world uses 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)

Dara Murphy: Not for corporations.

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: Everyone should acknowledge that thanks to multinationals, more people are working in cleaning, catering, warehousing and in all levels of companies. This must be acknowledged rather than simply-----

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 was very interested when Mr. Taft spoke about targeting certain industries - he mentioned the chemical and perhaps the pharmaceutical sectors - with some additional reliefs that might stimulate them to come into the country. This perhaps would move into a space in which other countries are to be found. I was interested to hear Mr. Taft say this because essentially, this would mean...

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: No, if one reduces the net tax through reliefs by targeting multinational companies in the chemical or pharmaceutical sectors, then QED, in comparative terms Irish indigenous small coffee shops and other limited companies will be paying more tax than 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: Why would we do that?

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: Is it not that-----

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: But they are.

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: Is it not the fact that the fairest part of Ireland's corporation tax regime is that everyone pays the same rate? I ask Mr. O'Brien to respond.

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?

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 sorry, that was probably somewhat flippant. What reputational damage, if any, has been 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)

Dara Murphy: We are not responsible for what those in opposition say in trying to get a headline.

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. O'Brien believe our corporation tax regime will remain sustainable?

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