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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: With due respect, I heard Mr. Keegan's opinion on this issue very clearly earlier in this meeting. He said he believes the Commission is interfering and has made the wrong call on this matter. We get that point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: I am-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: This is-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: With due respect, the issues that Mr. Keegan is willing to address, although Mr. Redmond will not, are the subject of the legal case. Mr. Keegan has given his opinion but the issues are the subject of a legal case. Dr. Stewart has made the opposite argument that legally the profits accrue to Ireland. Opinions may differ but the matter will be adjudicated by the European Court of Justice....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Mr. Keegan's work involves tax matters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Does Mr. Keegan think it is morally acceptable that a company can earn €22 billion in one year yet pay less than 1% tax, wherever that tax might be paid?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: That is what I asked.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: The companies that I have just referred to are legally tax resident nowhere in the world. We can debate whether they should be. I believe that if they are incorporated here then they should be taxed here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: The companies are tax resident nowhere. Mr. Keegan's argument is a bit spurious.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Does Mr. Keegan think it is acceptable-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Genuinely, I do not mean to be rude and I appreciate the answers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: I only have a short time to ask questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: If what Mr. Keegan has said is true, does that mean he is strongly in favour of, as Dr. Stewart has rightly argued here for, a common consolidated corporate tax base? The Government is resistant to or at least suspicious of the idea. Does Mr. Keegan agree we need a method to take account of where we allocate profits?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: Successive Irish Governments have resisted doing so because they know it is not in their interest-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: -----or have perceived it as not being in their interest because they knew and know that companies have used this country as a tax haven.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: That is the reality. It is the dirty secret that everybody knew. Successive Irish Governments knew these companies used Ireland as a tax haven but it suited them to say nothing, to resist efforts by others such as Oxfam and academics like Dr. Stewart and others who pointed out this reality and to say "nothing to see here".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: My time is almost up so I shall ask the two Jims, that is, Mr. Clarken and Dr. Stewart, a few questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: I would not say that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Richard Boyd Barrett: -----but we can continue our debate on another day. I commend Mr. Clarken and Dr. Stewart on the work of their organisations and their individual work in this whole area. Would Mr. Clarken from Oxfam agree it is fair to say that the major contributing factor to the staggering level of inequality he has identified in his recent report about eight people owning the same wealth as half the...

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