Friday 20 October 2017

Dáil to discuss tax tactics used by large MNCs in Ireland

Angel Gurria, Secretary-General of the OECD
Angel Gurria, Secretary-General of the OECD

The much criticised tax practices employed by multinationals operating in Ireland will be examined in a series of Dáil hearings being held today.

The Organisation for Economic Cooperation and Development (OECD) will speak at the hearings, which will be attended by the Joint Oireachtas Sub Committee on Global Taxation.

The OECD has recently released plans to tackle the tax avoidance issue but this has already received some level of disparagement from Trinity economist Professor Frank Barry. Prof said the initiative was a “damp squib” that is unlikely to get support from US quarters.

Future committee meetings are expected to include representatives from the Department of Finance, the IDA and the Revenue. The committee vote for the non inclusion of MNCs representative has also sparked some criticism.

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