Oxfam report on ‘tax haven’ Ireland slated by Michael Noonan

Minister for Finance critical of flawed NGO analysis: ‘Nobody will take them seriously’

The Oxfam report labelled Ireland one of the worst tax havens in the world.

The Oxfam report labelled Ireland one of the worst tax havens in the world.

by Sarah Bardon

A report issued by Oxfam that claimed Ireland was a tax haven, has been criticised by Minister for Finance Michael Noonan

He said no reputational damage had been done because their remarks are “so wide from what the actual factual position is. Nobody will take them seriously.”

The report labelled Ireland one of the worst tax havens in the world, on a par with countries like Bermuda and the Cayman Islands when it comes to helping big business dodge billions of euro in tax annually.

In a damning analysis by development agency Oxfam, Ireland was placed sixth in a list of 15 countries that facilitated extensive corporate tax avoidance through profit-shifting, aggressive tax planning structures and so-called sweetheart deals.

Source: Irish Times Dec 12 2016


Oxfam's Report, December 12 2016,  'World’s worst corporate tax havens exposed'

Can be read here

https://www.oxfam.org/en/pressroom/pressreleases/2016-12-12/worlds-worst-corporate-tax-havens-exposed-oxfam-report-reveals