Ireland needs to ‘match actions with words’ on tax, Dutch MEP says

“On the question of where will Ireland position itself on a minimum effective tax rate and vis-a-vis Hungary, we didn’t get a clear answer,” he said.

While noting that Ireland along with Luxembourg and the Netherlands had been labelled as tax havens by the European Parliament, he said the tag was linked to the huge flow of international capital captured by Ireland, highlighting recent Central Statistics Office data which suggested that up to third was just “pass-through or phantom” investment with no real substance in terms of economic activity.

The companies said tax was just one of the factors why they located here “not the determining factor, there is much more to Ireland which makes Ireland a very attractive place for them to invest in, including the language, the access to the European Union and political stability,” he said. Mr Tang said he had had positive meetings with officials here. “But it’s one thing to say the words, another to do the actions,” he said.

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