Upcoming Events

National | Economics and Finance

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

Irish Left Review >>

Spirit of Contradiction

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Garda corruption: the stripped down truth

offsite link Will Pat Hickey turn up for his trial? Anthony

offsite link Garda breath tests letter Anthony

offsite link Daniel McConnell: Happy to wear establishment blinkers Anthony

offsite link State failing in its duty to enforce law Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link After Charlottesville Tue Sep 19, 2017 04:45 | The Saker
by Jimmie Moglia In a previous related article, (http://thesaker.is/the-two-americas-... I said there were still some unclear issues about the events at Charlottesville, especially regarding the death of the 32-year old

offsite link The war on trolls, imbeciles and other pests is on! :-) Mon Sep 18, 2017 21:43 | The Saker
Wow, Eric Zuesses’ article really elicited a fury the like of which I have never seen, at least so far.  Right now there are seventy-fire (75!) intercepted comments sitting in

offsite link Syrian War Report ? September 18, 2017: Syrian Army Crossed Euphrates River Mon Sep 18, 2017 18:42 | Scott
https://southfront.org/syrian-war-rep... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: southfront@list.ru or via: http://southfront.org/donate/ or via: https://www.patreon.com/southfront The Syrian Arab

offsite link The Lucy Stein Gang Rides Into Moscow Mon Sep 18, 2017 15:15 | The Saker
by Israel Shamir for the Unz Review Can the Putin Fans League win municipal elections in New York City? Not bloody likely, you?ll murmur, and probably justifiably so. However, in

offsite link MADE In Russia VII September 1 ? 15 2017 Mon Sep 18, 2017 06:56 | Scott
  by Scott Humor What does Russia produce? 1 What does Russia produce? 2 What does Russia produce? 3 Made In Russia SITREP IV Made in Russia V Made in

The Saker >>

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-o...f-ta/

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

© 2001-2017 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