Monday 20 October 2014

Taoiseach 'has no concerns' over loss of investors

Published 19/06/2014 | 02:30

Taoiseach Enda Kenny, Vice President of Global Operations at Paypal, Louise Phelan and Minister for Jobs Richard Bruton pictured at the Shelbourne Hotel in Dublin where Paypal announced 400 new jobs.

TAOISEACH Enda Kenny has insisted that he has no concerns about multi-national companies pulling out of Ireland in light of the decision by the European Commission to investigate our tax arrangements with computer giant Apple.

Mr Kenny yesterday vowed to put up a "strong and robust defence" of Irish tax laws, and said that the EU probe is about a "specific technical issue" involving a single company.

European Commission officials are examining whether the corporation tax paid by the US firm complies with EU rules.

Speaking at the announcement of 400 new jobs at PayPal, Mr Kenny said he does not believe the inquiry will prompt firms to pull out of Ireland.

"That's about a specific technical issue – about a specific company. It is nothing to do with the rate of corporate tax.

"We've made that perfectly clear," Mr Kenny said.

"We're very clear in our strong and robust defence of the intention of the Commission to carry out an investigation," he added.

Meanwhile, Jobs Minister Richard Bruton went a step further, saying that the investigation is not in "any way a source of concern".

He said that the renewed focus on our tax regime is not brought up by company executives whom he meets.

"I don't see this as anyway a source of concern."

Last week, Apple insisted that it receives no "selective treatment" from government officials here. But the news of the investigation, which followed a year long informal inquiry, has come as a headache for the coalition.

The Netherlands and Luxembourg are also being investigated.

Irish Independent

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