Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-044-000"
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"en.20130521.5.2-044-000"2
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"Mr President, it was Benjamin Franklin who wrote that ‘in this world nothing can be certain except death and taxes’. If he was writing today he would have to add the words ‘unless you are Apple, Google, or Facebook’, because the figures are stark.
Apple makes international profits of EUR 17 billion and pays taxes of EUR 8 million: that is a rate of 0.05%. Google Ireland Ltd: profits of EUR nine billion, taxes of EUR 22.2 million: a rate of one quarter of one per cent. Facebook Ireland: profits of EUR 1 billion, taxes of EUR 3.2 million: a rate of one third of one per cent.
How do they get away with it? They all use the tax scam known as the ‘double Irish’, with corporations incorporated in Ireland but registered for tax in Bermuda. So how can the Minister seriously talk about tackling aggressive tax planning and tax avoidance when Ireland itself functions as a tax haven, as reported yesterday in the US Senate report?
What makes it even more galling is that, at the same time as facilitating the tax avoidance of the major corporations in the world, the Irish government is engaged in a campaign of threatening to rob the property tax from working people. Well, this is my return for the bail-out tax. I will not be registering, together with hundreds of thousands of other people who will be saying: ‘let the rich pay their taxes, working people have paid enough’."@en1
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