Seanad debates

Thursday, 14 November 2013

Companies (Miscellaneous Provisions) Bill 2013: Second Stage

 

12:45 pm

Photo of Kathleen LynchKathleen Lynch (Cork North Central, Labour) | Oireachtas source

It is intended that the fees will be utilised better, although I am not saying that accountancy firms do not utilise their fees well. This is as much about small firms in this country as it is about our reputation abroad, which is very important. I heard a BBC reporter interviewing John Bruton recently and suggesting that Ireland's tax compliance was not what it should be. Mr. Bruton put up a very robust defence and our reputation abroad, in the context of those considering investing here, is hugely important. In that sense, this legislation is as much about that as anything else. The fees and cost structure have not been worked out yet but that is normal in this context. This is all about our reputation abroad and it is better to be in the club where things are good. I recognise that some countries do not have as robust a system as we do ---

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