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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Deputy should tighten it up a bit now. We are on corporation tax.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: I ask Deputy Boyd Barrett to stick to the Finance Bill.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Deputy should stick to the Bill and not talk about Apple.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: From today, Northern Ireland will have a corporation tax rate of 12.5%. How will it affect our competitiveness?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: We have said enough.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: That has been an in-depth discussion.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: As well as every other Deputy in the House.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Minister of State is-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: They have no jurisdiction over our tax rates. That is our-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: I am sorry, Deputy, but as I chair that committee,-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: -----we made it quite clear that the issue was one of global taxation and tax avoidance,-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: -----which is to do with the base erosion and profit shifting, BEPS, project. Apple-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: I am sorry, but Deputy Boyd Barrett is losing the run of himself.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Deputy is referring to multinationals, but no multinational sets our taxation rates. There was no point in having them attend.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: If the Deputy will remember, we discussed the reports from Westminster and Congress. The recommendations of the Washington report made no reference to Ireland. In fact, it recommended changes to America's own taxation system. The Senate and Congress introduced legislation that made no reference to any of the points that the Deputy has been throwing out at this meeting like confetti. I did...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Deputy disagreed with the committee's recommendations, which was no surprise. We did not have any multinational attend because multinationals do not set our tax rates.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: The Deputy should read the report again. He-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: -----might then understand the recommendations from Westminster and elsewhere.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: Those recommendations had nothing to do with what we were discussing. I apologise to the Minister of State, as I should not have interrupted.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Ciarán Lynch: Amendment No. 64 has been ruled out of order.

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