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Ireland 'under no pressure' to change tax policy at G8 summit

The Taoiseach will arrive in Northern Ireland this afternoon where he will informally discuss Ire...
Newstalk
Newstalk

13.25 17 Jun 2013


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Ireland 'under no pres...

Ireland 'under no pressure' to change tax policy at G8 summit

Newstalk
Newstalk

13.25 17 Jun 2013


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The Taoiseach will arrive in Northern Ireland this afternoon where he will informally discuss Ireland's economic recovery and the Irish Presidency of the EU with G8 leaders.

While there are no bi-lateral meetings planned for the Irish delegation, Mr. Kenny hopes to speak with President Obama about Northern Irish politics and the exiting of Ireland's bailout.

Ireland is not a member of the G8 but Enda Kenny will have a role in securing a political mandate on the EU-US Free trade agreement this afternoon.

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These discussions will take place among the US and relevant European leaders within the G8 as well as European Council president Herman Van Rumpoy and President of the European Commission, Jose Manuel Barosso.

He is attending the G8 summit in his capacity as President of the European Council and a guest of the G8 President David Cameron.

As a result, Mr. Kenny will also engage in tomorrow's working lunch where the thorny issues of tax and transparency will headline the discussion.

It had been expected that Enda Kenny would come under pressure to augment Ireland's tax regime which is accused of facilitating tax avoidance by large scale, wealthy corporations.

However according to government sources, the Irish government's tax policies are not on the agenda, nor does the government expect any criticism from any party in this area.

UK Prime Minister David Cameron has openly disapproved of the aggressive tax policies which underpin the economies of so called tax havens, but has not included the Republic of Ireland in this bracket.

Criticism leveled at Ireland has come mainly from the US Senate Subcommittee on investigations but yesterday criticism came from closer to home when Northern Ireland's Finance Minister Sammy Wilson accused Ireland of 'stealing' UK taxes.

Despite the government's insistence that any charge of being a tax haven is both inappropriate and untruthful in both the spirit and the letter of international tax law, the Taoiseach may still have to work to improve Ireland's reputation on this matter.

The Irish government says its message to the world's most influential leaders at this year's summit is that Ireland's economy and infrastructure make it ideal for investment.

A top-level spokesperson for the Taoiseach says Ireland's attractiveness as an investment hub is not just because its tax policy: "It is because of our own '3 T's' 'talent, track-record and transparency", he said.

The government says it will refute any false and 'conflated' accusations that Ireland is a tax haven, saying: 'we make no apology for our attractiveness and we comply with all international law'.

You can view our Storify of today's events by clicking here.


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