Oxfam report claims Ireland is facilitating tax avoidance

‘An Oxfam report has exposed Ireland’s role in corporate tax avoidance.’

That’s according to local Sinn Fein MEP Matt Carthy who says that a report published yesterday includes evidence that the Irish state is being used for massive levels of tax avoidance by wealthy organisations.

The research showed a disproportionate amount of profits reported in Ireland by top European banks.

The report is based on 2015 figures that were made available following the introduction of public country by country reporting for large banks last year.

MEP Carthy says that the Irish Government needs to allow more transparency in relation to tax: