Upcoming Events

National | Economics and Finance

no events match your query!

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link In Serbia, la Résistance continues Sat Aug 08, 2020 19:31 | The Saker
by Saker?s Johnny-on-the-spot in Belgrade for The Saker Blog Last Monday, August 3 ? to paraphrase President Roosevelt ? was a day that will live in Serbia?s parliamentary infamy. The

offsite link Covid Candide: Isn?t this the best of all possible worlds? and pandemic responses? Sat Aug 08, 2020 19:17 | The Saker
by Ramin Mazaheri for The Saker Blog Eight months into the modern, digitised world?s first-ever global pandemic the results are in: Every government has failed miserably. Our 2019 taxes must

offsite link Who Profits from the Beirut Tragedy Sat Aug 08, 2020 18:56 | amarynth
by Pepe Escobar : further publication to be announced The narrative that the Beirut explosion was an exclusive consequence of negligence and corruption by the current Lebanese government is now

offsite link Nasrallah denies any Hezbollah activities at the port, calls to end incitement and impunity (full sp... Sat Aug 08, 2020 18:42 | amarynth
Full speech by Hezbollah Secretary General, Sayed Hassan Nasrallah, on August 7, 2020, devoted to the explosion at the port of Beirut. Source: https://video.moqawama.org/... Translation: resistancenews.org Key points: The tragic

offsite link (Translation of key points): Nasrallah?s speech on Beirut Disaster Sat Aug 08, 2020 14:25 | amarynth
Original link: http://middleeastobse... Description : Key excerpts from Hezbollah Secretary General Sayyed Hassan Nasrallah?s latest speech surrounding the Port of Beirut disaster several days earlier. Source: Various networks Date: 7 August, 2020 (Important

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
Ni dieu ni maître. Ni patrie, ni patron.

offsite link Space station book 12:08 Sat Aug 08, 2020 | WorldbyStorm

offsite link This Weekend I?ll Mostly Be Listening to? Marianne Faithfull 07:57 Sat Aug 08, 2020 | WorldbyStorm

offsite link Chris Frantz interview 15:35 Fri Aug 07, 2020 | WorldbyStorm

offsite link Signs of Hope ? A continuing series 12:40 Fri Aug 07, 2020 | WorldbyStorm

offsite link Socialist Voice, August edition 11:21 Fri Aug 07, 2020 | guestposter

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

DDCI Calls for Oireachtas Debate; Full Review of Tax Ruling Practices by the Revenue Commissioners

category national | economics and finance | press release author Sunday September 04, 2016 22:55author by DDCI - Debt And Development Coalition Ireland Report this post to the editors

DDCI Calls for Oireachtas Debate; Full Review of Tax Ruling Practices by the Revenue Commissioners Following Today’s EC Apple State Aid Ruling

Following today’s decision by the European Commission that Apple was granted illegal state aid, Debt and Development Coalition Ireland (DDCI) is calling for a full Oireachtas debate to take place before any decision is made to contest the ruling in the European Courts.

The details of the revenue seemingly voluntarily foregone by the Irish state are truly astonishing, with Apple paying an effective tax rate of 0.005% in 2014 and reports of 13 billion EUR foregone in the period 2003-2014. This is particularly remarkable given the austerity policies ordinary Irish citizens were facing during much of this period.
rotton_apple.jpg

DDCI is calling for the Public Accounts Committee to undertake a full review of the operation and social cost-benefit of the tax rulings system operated by Revenue.

Today’s news means it is now imperative to investigate the tax rulings system by which Revenue gives away billions in revenues to Apple and other multinational corporations – with no public record, scrutiny or accountability.

Between 2010 and 2012 alone there were 335 rulings issued by Revenue. Due to the lack of transparency about these rulings, there is currently no way to estimate the impact of these further rulings to the exchequer, or to analyse the implications they may have in Ireland, and developing countries.

Specifically, we argue that:

  • Tax rulings should not be open ended, should be costed, and these costs should be included in government estimates.
  • Revenue foregone through tax rulings should be included as expenditure in the government estimates and budget.

DDCI is concerned about gaps in Ireland’s corporate taxation and incentives system, along with its transfer-pricing regime, which facilitate multinational corporations to operate aggressive tax dodging schemes from Ireland that reduce their global liabilities and deny much-needed tax revenues to low-income countries.

Low-income countries lose out enormously when MNCs minimize their taxes through profit-shifting practices and aggressive tax avoidance, operated through countries like Ireland. Altogether, multinationals’ corporate tax avoidance costs poor countries around $100 billion/year, according to UN figures.

DDCI Director, Maeve Bateman, said:

"While the focus of this ruling is on Apple, there are many more tax rulings issued by Revenue we don’t know the details of, with the strong possibility of even more revenue foregone by the exchequer. It is essential that increased transparency and oversight be applied to these secret rulings.

Political representatives, the Public Accounts Committee and the general public need to be able to understand the basis on which companies tax liabilities are calculated. Today’s decision makes it clear that keeping these decisions behind closed doors has been a costly mistake.

Today, the world’s attention is on Ireland. However, this ruling could have significant implications for developing countries. A full review of the use of Irish tax rulings by multinational corporations would be a valuable first step in closing gaps in Ireland’s corporate taxation regime, and would reduce the outflow of revenue from developing countries."

For more information see DDCI’s policy paper ‘Corporate Tax Secrecy and the State: The Apple Case in Ireland’ first released in October 2015, and available below: See the PDF or at DDCI http://www.debtireland.org/download/pdf/20151023141734.pdf

Related Link: http://debtireland.org/news/2016/08/30/ddci-calls-for-oireachtas-debate-full-review-of-ta/

PDF Document Corporate Tax Secrecy and the State: The Apple Case in Ireland. Oct 2015 2.66 Mb

© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy