Senator Mark Daly Speaks on the EU Fiscal Treaty

7TH February 2012

Senator Mark Daly:     I am interested in the answer to Senator Crown’s question. It was in the news, and the Minister of State, Deputy Creighton said it herself, that we had no position paper going into negotiations. There is no support for the common consolidated tax base on our corporation tax. We lost the vote on it as recently as last October. Just nine European countries supported us. Mrs. Merkel and Mr. Sarkozy want to have this wrapped up by the end of the year. We are going to lose control over corporation tax. The corporation tax rate might stay the same, but the fact that France—–

Acting Chairman (Senator Paschal Mooney):     Does the Senator have a question?

Senator Mark Daly:     I want to know why we did not have a position paper on corporation tax. On the question of debt write-down—–

Deputy Lucinda Creighton:     We circulated many such papers.

Senator John Gilroy:     Senator Daly is scaremongering.

Senator Mark Daly:     We did not go into the negotiations with a position on the consolidated corporation tax base.

Acting Chairman (Senator Paschal Mooney):     If the Senator wants to get a reply, he will have to conclude.

Senator Mark Daly:     The answer is here.

Acting Chairman (Senator Paschal Mooney):     I thank the Senator.

Senator Mark Daly:     It has nothing to do with it.

Acting Chairman (Senator Paschal Mooney):     I call the Minister of State.

Senator Mark Daly:     The Government is not entirely tuned in. By the end of the year, France and Germany will have taken away whatever competitive advantage we have.

Acting Chairman (Senator Paschal Mooney):     I cannot allow a discussion across the floor of the House.

Senator Mark Daly:     I am wondering why the Government is—–

Acting Chairman (Senator Paschal Mooney):     I ask the Senator to resume his seat.

Senator Mark Daly:     I want to know why we did not go in with a position paper.

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