Apple Escrow Account
Dail Éireann — 2020-07-16
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Paul Murphy (PBP), Dublin South-West

The problem with basing a big portion of one's economic strategy on being one of the world's top ten tax havens, according to a paper produced by the IMF, is that it is not only immoral but also is completely unsustainable because ultimately, Ireland Inc. cannot win this race to the bottom. It can be outbid by a tax rate of 0.004% or 0.003%. The only winners in this race to the bottom that Ireland is driving with headline and actual corporation tax rates are the big corporations. The losers are those on trolleys and housing waiting lists and those who are going to pay the price for climate catastrophe. Apple continues to avail of extremely low tax rates using a new tax avoidance scheme known as the "green jersey". Will the Minister agree to stop the model of Ireland being a tax haven?

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Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2020-07-16/debate/main
Retrieved: 2026-08-14T04:48:26+00:00
Sitting date: 2020-07-16