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Greater Transparency Needed but Tax Rates are not up for Grabs – Matt Carthy MEp

28 May, 2015 - by Matt Carthy MEP

Sinn Féin MEP for the Midlands North West and member of the European Economic and Monetary Affairs Committee, Matt Carthy, speaking from the TAXE Hearing today in Dublin, has stated that while there is a clear need for greater transparency around Irish tax affairs the rate of corporation tax can only be decided by the Oireachtas.

Carthy said:

“The delegation here in Ireland today provides a useful opportunity to examine issues of Irish and European taxation systems.

“Of course, there is a fundamental concern that many within the European Union seek to introduce tax harmony across Europe “by the back door" and may use the special committee on taxation to drive that agenda.

“Such moves would serve to undermine the role of the Committee and the important work they are engaged in.

“It is clear that there is a great need for fairness and transparency in all of our tax affairs and I believe that the Committee can play an important role in holding all EU governments, including Ireland, to account.

“However, I wish to make clear that the corporation tax rate is not up for grabs. Sinn Féin will adamantly and unequivocally defend the right of the Oireachtas to set tax rates and our record on this issue speaks for itself.

“The simple fact of the matter is that as long as the EU continues to talk about tax rates, the Irish Government will not have to deal with the real issues of sweetheart deals and tax avoidance and it is the citizens of this country, who have been pummelled by Austerity that will pay the price.”

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