Kenny and Noonan's epic adventure as the EU's most aggressive Tax Haven nears its endIRISH TIMES: Taoiseach rebuts Oxfam claim that Ireland is a tax havenhttp://www.irishtimes.com/news/politics/oireachtas/taoiseach-rebuts-oxfam-claim-that-ireland-is-a-tax-haven-1.2906486
Noonan's most reliable way of dodging difficult questions is to answer an easier one.
We saw this technique used in the Section 110 SPV tax scandal, until the public pressure became too great.
(He is now using his 2nd favourite technique, which is to "clampdown" by creating new "loopholes").
However, doesn't mean the same technique can't be used again for issue of Tax Havens.
Oxfam (and the New York Times, the Wall St Journal, the FT, and Brazil) have branded Ireland a Tax Haven, because Ireland is the leading facilitator of major global corporations avoiding all non US taxes (not 12.5%, but 0.001%) on their global profits. IRELAND: The Tax Haven that dare not speak its namehttp://www.counterpunch.org/2016/01/12/ireland-the-tax-haven-that-dare-not-speak-its-name/
It is not by accident the non-US HQ of most of the world's biggest US Tech firms are in Ireland (Google, Apple, Facebook, Microsoft etc) and that all of these run approximately 50% of their global revenues through their tiny Irish platform.For Oxfam (and most of the 1st world), this is the definition of a Tax Haven.
Noonan and Kenny however ignore the 0% tax rates being paid by US MNCs in Ireland, the 0% tax rates being paid by Vulture Funds in Ireland, and the 0% tax rates being paid by Foreign Commercial Landlords in Ireland.
Kenny and Noonan take an "old school" approach (probably given the fact they are both ex school teachers). What they say we are really good at, is clamping down on any drug money, money laundering, etc. being run through in Ireland.For Noonan and Kenny, this is the definition of a Tax Haven
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We are really good (according to Noonan) at stopping the Tony Montana's hiding their hundreds of millions away.
However for the US MNCs avoiding billions in EU taxes .... maybe, not so much.