The Sinn Fein MEP has accused Fine Gael and Fianna Fail of engaging in what he calls ‘voodoo economics’ when it comes to multinationals using loopholes to avoid paying taxes. The Midlands North-West MEP says there’s increasing global pressure to stop big corporations and wealthy individuals from avoiding taxes and that Ireland needs to ‘re-shape’ its tax models. The European Commission today published its full findings on Ireland’s tax arrangements with Apple. It said ‘selective treatment’ enabled Apple to pay minimal sums of taxes. Here’s Matt Carthy
Out words: many respects
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