Government must not be afraid to use veto on EU’s tax proposals – Doherty
Sinn Féin Finance Spokesperson Pearse Doherty TD has said the EU’s Digital Tax proposals are unacceptable and that Ireland should not be afraid of wielding its veto over the proposals. He said that as things stand though the government has little moral standing on tax avoidance issues as it still facilitates tax avoidance by multinational through the domestic tax code
Deputy Doherty said:
“Once again, we have an EU proposal couched in the language of solidarity and tackling tax avoidance, which in facts dilutes tax sovereignty and is an attempt to centralise tax powers in Brussels.
“It is disappointing that the obvious need to tackle corporate tax avoidance is being hijacked by the EU to fit its own agenda of centralisation at all costs.
“Like the CCTB and CCCTB, this tax is mooted as a progressive measure but in reality will hurt smaller countries. Tax avoidance by multinationals can be tackled at home, as Sinn Féin have consistently called for, and globally through the OECD.
“Ireland must get its own house in order so that we can be taken at face value when we defend our tax sovereignty. Unfortunately, outstanding tax policies that will cost the Irish people billions of euro in tax such as the ongoing refusal to close the gap allowing billions of onshored intangible assets go untaxed allow opponents of our tax sovereignty to paint Ireland as a tax haven.”