Sinn Féin - On Your Side

Sinn Féin MEPs vote against Parliament's attack on tax sovereignty

25 November, 2015 - by Matt Carthy MEP




Sinn Féin MEP for the Midlands North West, Matt Carthy, speaking from Strasbourg, has stated that the European Parliament's special TAXE Report was an elaborate PR Stunt which was weak on matters of importance such as the need for full transparency while simultaneously attacking the principal of national sovereignty on taxation matters.

Carthy, a member of the European Parliament's Economic & Monetary Affairs Committee, was speaking after Sinn Féin voted against the TAXE Report in the plenary.

Carthy stated:

"It does not serve the interests of the ordinary Irish citizen to have our sovereignty relinquished through any attempted tax harmonisation. It is absolutely and fundamentally the right of the Government of each member state to legislate in the best interests of their citizens, particulary in the setting of rax rates.

"The report provided an opportunity for parliament to demand transparency and accountability in both the European and International Taxation system, but the majority of MEPs rejected measures that would have facilitated this.

"Instead, they adopted a number of disconcerting provisions which fundementaly undermine taxation sovereignty.

"Sinn Féin want tax fairness and transparency to be placed at the centre of any Taxation Legislation and this extends to ensuring that a more equitable Corporate Tax System is implemented. But all matters relating to the setting of tax Rates must remain a matter of national competency and the European Parliament has no right to attempt to attack sovereignty in this way.

Carthy concluded

"I will continue to demand that genuine and credible actions are taken around corporate tax evasion, specifically in relation to the evidence which suggests that the effective rate of tax paid by multinational and large corporations is in fact much lower than the 12.5 per cent headline rate.

"There is now a big job of work for Ireland to develop an equitable & transparent corporate tax regime where multinationals cannot exploit our system to avoid paying their fair share of tax while at the same time ensuring that at all times that Irish sovereignty is protected.

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