Runaway Train Towards Full Digitization of Money and Labor 14:18 Jan 01 2 comments
The Spectre Haunting Europe 23:21 Dec 04 0 comments
Macron prepares enabling act to slash contracts, labor rights in France 22:52 May 23 0 comments
Trans-Pacific Partnership (TPP) Signed in New Zealand amid Mass Protests 23:36 Feb 10 1 comments
Interested in maladministration. Estd. 2005
Educating Marian Finucane Anthony
A bird's eye view of the vineyard
Interpretations marinated in bias (pre-tense as bias) Sun Dec 16, 2018 13:48 | The Saker
Moveable Feast Cafe 2018/12/16 ? Open Thread Sun Dec 16, 2018 11:30 | Herb Swanson
The Ukrainian Aspect of the Information War ? Russian Perspective Sat Dec 15, 2018 18:30 | The Saker
Interview with The Saker. Russian-Israeli relations and the conflict in Syria Sat Dec 15, 2018 17:29 | The Saker
The Americans wet their pants because of the Russian Tu-160 in Venezuela Fri Dec 14, 2018 04:04 | Scott
A Blog About Human Rights
Storms and Winter Damage To Homes Mon Dec 17, 2018 11:08 | Human Rights
Human Rights Body In Africa Must Set A Better Example Wed Nov 14, 2018 16:13 | Human Rights
112 Pro-Biafra Imo Women Arrested Sat Aug 25, 2018 16:30 | Human Rights
Traveller Community in Galway Fri Aug 03, 2018 16:28 | Human Rights
US Withdraw From UN Human Rights Council Thu Jul 19, 2018 16:32 | Human Rights
For lefties too stubborn to quit
An unattainable objective? 11:06 Mon Dec 17, 2018 | WorldbyStorm
Irish Left Archive: Fourthwrite, Issue no. 4, Winter 2000/2001, Irish Republican Writers Group 02:53 Mon Dec 17, 2018 | WorldbyStorm
Christmas post? 10:59 Sun Dec 16, 2018 | WorldbyStorm
Sign of the times 10:04 Sun Dec 16, 2018 | WorldbyStorm
A poll for December 20:40 Sat Dec 15, 2018 | WorldbyStorm
DDCI Calls for Oireachtas Debate; Full Review of Tax Ruling Practices by the Revenue Commissioners
national | economics and finance | press release Sunday September 04, 2016 22:55 by DDCI - Debt And Development Coalition Ireland
DDCI Calls for Oireachtas Debate; Full Review of Tax Ruling Practices by the Revenue Commissioners Following Today’s EC Apple State Aid Ruling
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:
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