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22/05/2013
Sinn Féin Call On EU To Tackle Tax Evasion
The European Council must propose measures to tackle tax evasion and improve collection across the EU, Sinn Féin TD Seán Crowe has said.
The spokesperson on foreign affairs, trade, and diaspora said that honest Irish taxpayers “need assurance that they are not propping up tax-shy multi-national global giants.”
Crowe raised the issue with Taoiseach Edna Kenny in the Dáil yesterday, saying: “This topic has been discussed with multinationals in parliaments in European member States and the US, with tax evasion and Ireland being linked in more than one parliament committee hearing.
“According to Herman Van Rompuy, a staggering €1 trillion is lost to tax evasion every year in EU member states. This is seven times the entire annual budget of the EU.
The TD also questioned why Apple, the US computing giant, had just a 2% tax rate in Ireland, significantly below the 12.5% statutory rate.
“Although this State has avoided being labelled a tax haven by international bodies such as the OECD, some academics and high profile economists believe that it is,” Crowe said.
Adding: “It seems that we are operating two very different tax systems, one for big multinational corporations and a second more onerous system for smaller companies and individuals. This is not a fair system of commerce and is undoubtedly hurting our domestic economy.”
(MH/CD)
The spokesperson on foreign affairs, trade, and diaspora said that honest Irish taxpayers “need assurance that they are not propping up tax-shy multi-national global giants.”
Crowe raised the issue with Taoiseach Edna Kenny in the Dáil yesterday, saying: “This topic has been discussed with multinationals in parliaments in European member States and the US, with tax evasion and Ireland being linked in more than one parliament committee hearing.
“According to Herman Van Rompuy, a staggering €1 trillion is lost to tax evasion every year in EU member states. This is seven times the entire annual budget of the EU.
The TD also questioned why Apple, the US computing giant, had just a 2% tax rate in Ireland, significantly below the 12.5% statutory rate.
“Although this State has avoided being labelled a tax haven by international bodies such as the OECD, some academics and high profile economists believe that it is,” Crowe said.
Adding: “It seems that we are operating two very different tax systems, one for big multinational corporations and a second more onerous system for smaller companies and individuals. This is not a fair system of commerce and is undoubtedly hurting our domestic economy.”
(MH/CD)
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