Dual tax system benefits the big players

Ireland operates two very different tax systems, one for corporate multinationals and a second for smaller companies and individuals, according to Trinity finance professor, Jim Stewart.

Mr Stewart said that foreign multinationals, such as Google, in Ireland operate in what he called a negotiated tax environment where the Revenue Commissioners will tailor the tax regime to suit the needs of the company.

“What I mean is multi-nationals operate in a negotiated tax environment, if they have an issue with the tax code, the tax code is changed,” he said.