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Irish PM Refutes 'Tax Haven' Allegation

by Jason Gorringe,, London

19 December 2016

Irish Prime Minister Enda Kenny has said he "completely refute[s] allegations of Ireland being a tax haven."

Kenny made the comment in response to a new Oxfam report that claimed that Ireland is among the "world's 15 worst corporate tax havens."

Kenny told the Irish Parliament that Ireland does not "meet any of the international standards for being considered a tax haven." He stressed that the country is fully compliant with best practices in the areas of transparency and the exchange of information, and is an active participant in "the global work to reform the international corporate tax system."

Kenny also emphasized that Ireland's 12.5 percent corporate tax rate is fully in line with OECD and international best practice "in having a low rate and applying it to a very wide tax base." He added that corporate tax policies are "designed to attract real and substantive operations to Ireland," and that the Government "want[s] real substantive foreign direct investment, the kind that brings real jobs and investment into the country and the wider community."

Kenny pointed out that the Government "got rid of the stateless and the 'double Irish' concepts," and has implemented a country-by-country reporting regime and agreed to the anti-avoidance directive. It is "working towards the implementation of the remaining elements of the OECD base erosion and profit shifting (BEPS) recommendations domestically and internationally," he said.

TAGS: tax | investment | Ireland | tax avoidance | tax incentives | corporation tax | tax rates | standards | Tax | Tax Evasion | BEPS

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