The Fine Gael MEP Brian Hayes will be part
of a new European Parliament inquiry committee set up to investigate the recent
Panama papers revelations. The committee will look into the scandal that involved
the leak of up to 11.5 (eleven point five) million files from the database of
the Panama based law firm Mossack Fonseca. The leak revealed how some of the
world’s wealthiest people had benefitted from secretive offshore tax regimes. The
Fine Gael MEP Brian Hayes explains what the committee will do.

Out words: tax from them

Dur: 0.16

The Sinn Fein MEP Matt Carthy said he is
not proud of Ireland’s reputation as an enabler of tax avoidance. In a speech
to the European Parliament this week Mr Carthy strongly criticised the Irish
government for facilitating tax avoidance for large corporations. The European Parliament today voted in
favour of EU Commission proposals to crack down on corporate tax avoidance. The
anti-tax avoidance directive reflects the plans by the OECD (Organisation for
Economic Cooperation and Development) to limit tax base erosion and profit
shifting (BEPS) and follows previous recommendations made by the European Parliament
last year. Here’s Matt Carthy.

Out words: Fianna Fail governments

Dur: 0.28

The Irish government has facilitated tax
avoidance on a massive scale. So says the Sinn Fein MEP Matt Carthy. He criticised
Ireland during a debate on tax issues in the European Parliament this week. The
Midlands North-West MEP condemned the government for giving multi-national companies
like Google and Microsoft until 2021 to restructure their tax affairs. Speaking
after the debate, Mr Carthy said that Ireland is well known internationally for
its tax avoidance loopholes. 

Out words: is protected

Dur: 0.24