Paradise Papers and Apple tax
Senator Conway-Walsh attacked tax avoidance and accused Fianna Fáil and Fine Gael of sustaining a 'golden circle' through the Paradise Papers and the Apple tax case. She called for the issue to be debated further.
I rise today to address the issue of tax avoidance once again, particularly in light of the Paradise - or parasite - Papers. This is not a new phenomenon. I was absolutely amazed last night to hear a Fianna Fáil Deputy state that he could not say whether Fianna Fáil supported Apple in respect of the €13.5 billion it has been asked to return to the State to put into an escrow account. He could not tell if Fianna Fáil was for Apple giving back the tax or against it, nor if it was supportive of the Government, which it is propping up, in taking this case against the EU. The other thing I found astounding was that, while trying to stress the importance of foreign direct investment which is very important, the same Deputy said, "remember we have no natural resources". He actually said that. I am not surprised. He was probably speaking on the basis that Fianna Fáil gave away all our natural resources.
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Fianna Fáil then told the company that took them from us that it did not have to pay tax for at least 20 years, just as the banks have been told now. People in County Mayo and rural Ireland who listened to that would ask what in the name of God is going on in terms of our natural resources and the tax avoidance. It is very clear from the Paradise Papers that the golden circle is absolutely still in operation. Fianna Fáil set it up and Fine Gael has continued on with it. The illusion that is given year after year that tax loopholes are closed down is just not true. The Leader should ask the Minister for Finance to come in here for a full and frank debate about our fiscal sovereignty, taxation and the tax loopholes that he is not genuinely closing. They are losing billions of euro to this economy while we have children with no homes to go to this evening.