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Multinationals given special consideration over small and medium enterprises – Brady

8 September, 2016 - by John Brady TD

Speaking at the special sitting of the Dáil this afternoon, Sinn Féin spokesperson for Social Protection John Brady TD has highlighted the special consideration given to multinationals over small and medium enterprises right across the State.

Teachta Brady said:

“American businesswoman Leona Helmsley once said of rich people, “we don't pay taxes, only the little people pay taxes”. The same ideology is clearly shared by Fianna Fáil and Fine Gael.

“Why would multinationals choose anywhere else in the world other than Ireland when they can make €16 billion in 2011 and pay €50 million in tax, a rate of 0.05%, then in 2014 pay tax of just 0.005% tax on profits?

“One group out there that do pay correct taxes year on year are the small and medium enterprises across this State.  

“There are over 237,753 small and medium enterprises active in Ireland with the CSO showing some 919,985 people employed by these businesses.

“In 2011, at the height of the recession five companies closed down every single day in Ireland.

“Imagine how these people must feel, owners of small and medium enterprises who have struggled to pay their taxes, but paid them because they had no choice? Paying 0.005% tax was not an option for them.

“So, while Fianna Fáil, Fine Gael, Labour and a number of Independents are busy standing up to Europe against the second wealthiest corporation in the world having to pay back unpaid taxes, what is being done for the ordinary small business men and women across the State?

“When it comes to tax we need absolute transparency. We need a fair tax system with no sweetheart deals and no special considerations for the multinationals.” 

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