Seanad debates

Thursday, 14 April 2005

Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Second Stage.

 

12:00 pm

Derek McDowell (Labour)

I do not wish to be argumentative, but the point I made was slightly different. I wished to say that what we did has made it impossible for governments anywhere to adequately tax international financial institutions which have mobile assets as they deal in money. My point was not that there has been a specific loss in Ireland but that it is now impossible to adequately tax multinational institutions anywhere.

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