Responding to reports that the EU Commission is to investigate Ireland under the State Aid regulations over agreements with large multinationals such as Apple and Starbucks Sinn Féin Finance Spokesperson Pearse Doherty said the Oireachtas can still take the initiative and call in the multinationals to the Sub-Committee on Global Taxation.
Deputy Doherty said:
“In July this year at the setting-up of the sub-committee on Global Taxation I put forward a clear motion for the representatives of large multinationals in Ireland to be called in to discuss their tax arrangements.
“Unfortunately, the government parties and Fianna Fáil rejected this motion. We see from today’s reports that this issue cannot be swept under the carpet. We need a mature and honest debate with all players.
“The Oireachtas can still take the initiative and call in the multinationals rather than hiding behind the couch hoping the issue will go away.
“In the United States and Britain this mature debate is underway and some anomalies have emerged. The finger has been pointed at Ireland as a tax haven. Now the EU is clearly moving to investigate.
“Sinn Féin believes in Irish tax sovereignty but it is becoming clearer that the current model of pretending we have a transparent corporation tax model is unsustainable.
“I am calling on the Oireachtas to get realistic and call in the multinationals so we, as Irish elected representatives, can tease out the issues that have raised so much criticism from our economic trading partners.”