€5bn Could be Raised Annually by Taxing the IFSC by only 0.1%
What is the Role of the IFSC (International Financial Services Centre) in Ireland & Why is it not Taxed?
IFSC living by its own rules and not in the real world. 2012
by Elaine Byrne at www.independent.ie
Read Full Article by Elaine Byrne,
Abstract:
“Freedom of Information (FoI) documents from the Department of Finance were released last week to Labour MEP Nessa Childers.
These documents reveal that in the five months between October 2011 and February 2012, sub-groups of the “IFSC Clearing House Group” met on 10 occasions.
These high-level meetings occurred between senior government officials and representatives from the leading financial services firms such as JP Morgan, PricewaterhouseCoopers, Ernest & Young, Barclays Bank, Deloitte, HSBC, William Fry, State Street, Bank of Ireland, AIB, Porsche FMS and others.
Tim Hennessy of Axis Capital/DIMA chaired four of these meetings in the “Italian Room” at the Department of the Taoiseach. David Guest of Ulster Bank chaired two in room 301 in the same building, while Paul McGowan of KPMG chaired another four up the same corridor in room 308.”
