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16/09/2014
Ireland Has 'Nothing To Fear' From Tax Transparency - SF
Ireland has nothing to fear from tax transparency, Sinn Féin's finance spokesperson, Pearse Doherty, has said.
Deputy Doherty said that Ireland should embrace the Organisation for Economic Co-operation and Development's move towards international tax transparency, saying that Sinn Féin had brought an initiative that led to Oireachtas Finance Committee establishing a sub-committee on Global Taxation, which looks at the issues raised by hearings in the USA, which had "singled out Ireland as being a facilitator of tax evasion."
Deputy Doherty said: "Sinn Fein, in our submission, to the Department of Finance’s consultation on the OECD project said that we do not believe in taking a head in the sand approach to the changing trends and developments in international taxation. That should be the attitude of all Irish parties going forward.
"As our country tries to find a sustainable recovery we must develop a healthier reputation as a transparent place to pay tax and face up to any changes necessary to create transparent global tax system where multinationals cannot escape their duties to countries including developing countries.
"There is no party more committed to protecting Irish tax sovereignty than Sinn Féin. The OECD report does not touch on Irish sovereignty.
"We welcome the ongoing OCED BEPS project as a move towards a better way of all countries cooperating and competing on a fair basis.”
(MH/CD)
Deputy Doherty said that Ireland should embrace the Organisation for Economic Co-operation and Development's move towards international tax transparency, saying that Sinn Féin had brought an initiative that led to Oireachtas Finance Committee establishing a sub-committee on Global Taxation, which looks at the issues raised by hearings in the USA, which had "singled out Ireland as being a facilitator of tax evasion."
Deputy Doherty said: "Sinn Fein, in our submission, to the Department of Finance’s consultation on the OECD project said that we do not believe in taking a head in the sand approach to the changing trends and developments in international taxation. That should be the attitude of all Irish parties going forward.
"As our country tries to find a sustainable recovery we must develop a healthier reputation as a transparent place to pay tax and face up to any changes necessary to create transparent global tax system where multinationals cannot escape their duties to countries including developing countries.
"There is no party more committed to protecting Irish tax sovereignty than Sinn Féin. The OECD report does not touch on Irish sovereignty.
"We welcome the ongoing OCED BEPS project as a move towards a better way of all countries cooperating and competing on a fair basis.”
(MH/CD)
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