Adams challenges Tánaiste on tax avoidance scam
Sinn Féin President Gerry Adams TD this morning challenged the government on its handling of the scandal of tax avoidance by multi-national companies.
The Louth TD described the current arrangements as “one law for big corporations, developers and bankers and another for small businesses and ordinary citizens” and he pointed to the reshaping of the tax system to “allow revenue to go into people’s bank accounts and credit union accounts and wages and welfare to take unfair new taxes.”
Speaking afterward Teachta Adams said:
“On Tuesday Apple CEO Tim Cook told the US Senate investigation that for the last ten years Apple Sales Ireland paid an average corporate tax rate of just 2 per cent. In 2011 this company paid just 0.5% tax.
“A separate company, Apple Operations International, also based in Ireland, had an income of $30 billion here from 2009 to 2012. Amazingly it has paid no tax.
“I can’t imagine a local business getting away with any of this. There is clearly one law for big corporations, developers and bankers and another for small businesses and ordinary citizens.
“The hundreds of millions of lost tax revenue could have been used to get people back to work.
“Sinn Féin appreciates the fact that Apple employs 4000 people here. But the Apple companies at the centre of this controversy exist for the purpose of allowing Apple to avoid paying tax and the government is allowing the state to be used as part of a chain of cash movements for the purposes of massive tax avoidance.
“Compare this to the draconian powers given to revenue to reach into people’s bank accounts, credit union accounts, wages, welfare payments and pensions to take the unfair family home tax.
“It is also accepted that the massive corporate tax avoidance scams that are taking place hurt the developing world. Christian Aid estimates that the lives of 350,000 children could be saved each year if this kind of corporate tax avoidance was ended.”