Campaign against tax injustices is continuing – Doherty

 

pearsedoc

 

A Donegal Deputy is continuing a campaign against tax injustices calling on policy to change in regards to tax avoidance schemes.

This comes after the Sinn Fein Finance spokesperson Deputy Pearse Doherty made two submissions regarding such schemes to the Department of Finance and the Budgetary Scrutiny Committee.

Sinn Féin Finance spokesperson Deputy Pearse Doherty has made two submissions to the Department of Finance and the Budgetary Scrutiny Committee against tax avoidance schemes.

The first submission outlines the issue of non-resident investors using Alternative Investment Funds to purchase property in Ireland and avoid tax on the associated income and gains.

The second submission concerns Section 110 companies, which he says has been used widely in the property mortgage market to avoid tax.

Deputy Doherty outlines in his submission how policy change is needed to ensure that these structures cannot facilitate tax avoidance in this state.

He added that for too long multi-national companies have been getting away with paying little or no tax in Ireland while the ordinary taxpayer has had to foot the bill.