Wednesday 1 April 2015

Video: Enda Kenny denies Ireland a magnet for corporate tax dodging

Thomas Molloy in Davos

Published 24/01/2013 | 12:54

TAOISEACH Enda Kenny denied Ireland is a haven for "unorthodox tax practices" and said the country's 12.5pc tax rate was transparent.

Mr Kenny was responding to questions about tax reform and further changes to European Union treaties but the issue of transfer pricing and low corporate taxes has become a hot potato in Europe and further afield.

Appearing uneasy at times, Mr Kenny said the Irish system was "very clear, very transparent" and would not be changed.

Earlier, UK Prime Minister David Cameron told the same audience that he was using his influence in the G8 group of industralised nations to clamp down on tax avoidance. While not singling out any country or country by name, his comments came weeks after several British politicians criticised Google's failure to pay taxes in Britain. Google uses its Dublin headquarters to route income around the world and reduce its tax bill.

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