Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-037-000"
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"en.20130521.5.2-037-000"2
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"Mr President, while the citizens of Europe and small businesses can rightly claim to be suffering from tax fatigue, multinational corporations and financial institutions have come through the current crisis relatively unscathed. We heard a lot about that this morning.
While I support the current corporation tax rate in the south of Ireland, I would like to see the executive and assembly have the power to vary the corporation tax rates in the north of Ireland.
We need to increase the minimum effective rates for corporation tax, which, by the way, are still higher than the actual corporation tax rates in some of these countries which are shouting loudest about it.
The Irish Government has neither the will nor the inclination to address the issue of excessive write-downs of corporation tax. They actually facilitate tax avoidance schemes, allowing multinationals to transfer profits as royalties, dividends etc., so that little tax is paid.
This constitutes a race to the bottom and it is a race that Ireland cannot win."@en1
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