Upcoming Events

National | Economics and Finance

no events match your query!

New Events

National

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

offsite link Formal complaint against Robert Watt Anthony

offsite link RTE bias complaint Anthony

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | 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

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Thu Feb 09, 2023 01:58 | Will Jones
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link ?One in Five Girls Identifies as Trans?: The Truth About What?s Going on in England?s Schools Wed Feb 08, 2023 23:15 | Will Jones
A 14 year-old girl who attends a secondary school in England ? where she says one in five girls in her year identifies as trans or non-binary ? writes anonymously to expose the truth about what's going on.
The post “One in Five Girls Identifies as Trans”: The Truth About What’s Going on in England’s Schools appeared first on The Daily Sceptic.

offsite link Legendary Investigative Reporter Seymour Hersh Says Nord Stream 2 Was Blown Up by U.S. Navy Wed Feb 08, 2023 18:14 | Toby Young
Award-winning US investigative journalist Seymour Hersh has written a sensational blog post in which he claims to have proof that the US Navy blew up Nord Stream 2 last year.
The post Legendary Investigative Reporter Seymour Hersh Says Nord Stream 2 Was Blown Up by U.S. Navy appeared first on The Daily Sceptic.

offsite link Guardian Lives to Regret Asking Women to Share Experiences of Online Misogyny Wed Feb 08, 2023 11:55 | Will Jones
The Guardian asked women to share their experiences of being "subjected to online misogyny" ? and soon found itself barraged with replies from women for whom the main source of online misogyny was, er, the Guardian.
The post Guardian Lives to Regret Asking Women to Share Experiences of Online Misogyny appeared first on The Daily Sceptic.

offsite link The Questions I Want the Chief Medical Officer to Answer About Why We Are Vaccinating Babies Against... Wed Feb 08, 2023 09:00 | Hugh McCarthy
In December, after the U.K. approved the Covid vaccine for infants, Hugh McCarthy asked the CMO for N. Ireland why we were vaccinating babies against Covid. These are the questions left unanswered by his reply.
The post The Questions I Want the Chief Medical Officer to Answer About Why We Are Vaccinating Babies Against Covid appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Seymour Hersh: Nord Stream was destroyed by U.S. and Norway Wed Feb 08, 2023 17:41 | en

offsite link The Hunter Biden / Ihor Kolomoïsky affair, by Thierry Meyssan Wed Feb 08, 2023 05:24 | en

offsite link Use of chemical weapons by a Ukrainian unit Tue Feb 07, 2023 12:14 | en

offsite link ?360° Cooperation with Libya.? But Which Libya?, by Manlio Dinucci Tue Feb 07, 2023 07:29 | en

offsite link Voltaire International Newsletter N°26 Sat Feb 04, 2023 05:43 | en

Voltaire Network >>

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


© 2001-2023 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