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Another European Parliament assault on Economic Sovereignty - Carthy

16 December, 2015 - by Matt Carthy MEP


Sinn Féin MEP for the Midlands North West, Matt Carthy, speaking from Strasbourg today has accused the European Parliament of again attempting to interfere with the Tax sovereignty of national governments.

Carthy, a member of the Parliament's Economic & Monetary Affairs Committee, was speaking after he addressed the Strasbourg plenary on the implications of report calling for an EU Common Consolidated Corporate Tax Base (CCCTB).

Carthy stated:

"I have shadowed this report in the European Parliament and I have been proactively involved in seeking to improve the text. I tabled over 30 amendments in order to improve the content of the report and to protect the interests of the Irish people.

"Whilst, I recognise that there were a number of positive aspects of this report, specifically the focus on tax transparency and the need to address tax avoidance tools such as 'Patent Boxes', I am fundamentally concerned that the intention behind this report is to introduce tax harmonisation across Europe.

"It is absolutely and fundamentally the right of the Government of each member state to legislate in the best interests of their citizens, particularly in the matter of direct taxation.  The intention behind this report has always been to introduce a single legislative proposal for a mandatory Common Consolidated Corporate Tax Base (CCCTB).

“My mandate on the Economic and Monetary Affairs Committee is to put the interests of Irish citizens first and foremost and that it does not serve their interests to have our sovereignty relinquished through any attempted tax harmonisation.

“Sinn Féin will continue both in Europe and in Ireland 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 in Ireland.

"However, let me be clear that all matters relating to the setting of Taxation must remain a matter of national competency and the European Parliament or the Commission has no right to attempt to attack sovereignty in this way. Therefore, voted against this report as we will do on any similar assaults on our economic sovereignty".

ENDS.

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