Irish government can be leader in clamping down on tax evasion – Doherty
Sinn Fein finance spokesperson Pearse Doherty TD, following the inaugural hearing on multi-national corporation tax planning, which he proposed be held has said the Irish government can become a leader in clamping down on MNC tax evasion if it shows the political will to do it.
Deputy Doherty said:
“In November I proposed that these hearings be held to investigate the way in which multi-national corporations are using the Irish tax jurisdiction to avoid paying tax both here and internationally.
“Sinn Féin supports the 12.5% corporation tax rate and we want to protect multi-national corporation jobs. The best way to do that is to ensure Ireland is not labelled a tax haven by other jurisdictions who can point to loopholes in our tax code.
“At our meeting today, we questioned the head of the OECD’s tax planning centre and a co-author of the organisation’s Base Erosion and Profit Shifting document, which looks at multi-national corporation tax evasion.
“It is clear from exchanges with Pascal Saint Amans that, while international co-operation is essential to change the way multi-national corporations use aggressive tax planning, the Irish government can take steps to ensure Ireland is seen as a leader in clamping down on tax evasion. This could include ensuring that all companies that incorporate as Irish, but are non-resident in other jurisdictions for tax purposes, become resident in Ireland for tax.
“The Irish people have suffered greatly under austerity budgets and it’s incumbent upon us as their elected representatives to ensure that everyone is paying their fair share. Multi-national corporations who avoid tax are not paying theirs.
“While I’m disappointed that government and Fianna Fáil deputies voted against my proposal for the committee to question heads of multi-national corporations, I still believe the committee can act as a useful light to highlight exactly how the Irish tax system is used.”