Brian Hayes MEP today took the opportunity during a European Parliament debate to state that the European Commission should investigate effective corporate tax rates employed by countries rather than focusing on harmonising tax policies.
“We need to have a radical debate about effective corporate tax rates. Many countries have headline corporate tax rates of over 30 per cent, yet their effective rates are as low as 8 or 9 per cent. The World Bank and PWC conducted a report in 2013 which found that the effective corporate tax rates in France is 8.2 per cent compared to its headline rate of 34.4 per cent.
“Because Ireland has a transparent and open corporate tax system, the World Bank found that our effective corporate tax rate is 11.9 per cent, which is very close to the headline rate of 12.5 per cent.
“Today I voted against a European Parliament resolution which asks the European Commission to conduct a study on the introduction of a minimum corporate tax rate in Europe. The EU Treaties make it clear that corporate tax rates are not an EU matter, it is for Member States to decide.
“I believe that European citizens stand united against aggressive tax planning. But I do not believe that European citizens want a harmonised system of corporate tax rates.
“I welcome the Commission’s proposals from last week on tax transparency. We have to take an aggressive position when it comes to tax evasion from large corporations and I believe the Commission is moving in the right direction by regulating how countries share tax information.”
Fine Gael MEPs are calling for a Yes vote in the upcoming Marriage Referendum on May 22nd. Speaking from the European Parliament, the four MEPs encouraged voters to stand with the ten other EU countries that have extended equal rights to same-sex couples to marry.
The Fine Gael MEPs reiterated Ireland’s strong record when it comes to defending human rights and promoting equal opportunities for all citizens, including the LGBTI community. The European Parliament has made extraordinary progress in the advancements of anti-discriminatory laws for LGBTI citizens across Europe, they said.
Fine Gael MEP for Dublin, Brian Hayes, has today (Wednesday) welcomed the news that a new market will run in Bushy Park, Terenure every Saturday from 11am-4pm. Following the success of similar markets in the People’s Park, Dun Laoghaire and Marley Park, Hayes congratulated the volunteers behind the opening day’s party and the 40 plus stalls the market will hold.
“I want to congratulate the work of the volunteers working with Dublin City Council behind Terenure Village Market (TVM). This is an excellent example of neighbours coming together to deliver a new amenity for their community. I visited the then occasional Terenure Village Market and I am delighted it’s now on a regular footing and has a dedicated home. This new market in Bushy Park will be a real benefit to the local communities in the D6W and wider D6/ D14 area and beyond, providing a weekly market.”
“The official opening this Saturday (28th March) will provide a festival atmosphere. The launch day will include music, magic, face-painting, giant games and the arrival of the Easter Bunny. The real essence of the market will be the 40 stalls offering crafts, jewellery, artisan produce and fantastic food. I’ve seen how markets like this in the People’s Park in Dun Laoghaire and in Marley Park have benefited local communities and I wish the traders and patrons well with their new market.”
Frustrating that our Consumer and Competition Authority won’t address the ‘biggest issue facing Irish consumers’ – Hayes
Brian Hayes MEP has today expressed disappointment that the Competition and Consumer Protection Commission (CCPC) has refused to conduct an Inquiry into excessive variable mortgage rates charged by Irish banks.
“I sent a letter to the Chair of the CCPC requesting that they conduct an Inquiry into Variable mortgage rates. I received a response and discussed this matter with the Chair directly and she has ruled out conducting any sort of Inquiry.”
“It is frustrating that the CCPC won’t address this problem. This is the biggest issue facing Irish consumers at the moment. There needs to be proper oversight. It would make sense for this independent body, which was set up to defend consumer rights, to conduct an Inquiry into variable mortgage rates.”
“The Central Bank of Ireland recently published figures showing that the average variable rate in Ireland is 1.79% higher than the Eurozone average. Based on these figures, Irish consumers are paying €1.2 billion more than they should be. The average overpayment per borrower is €3,300 per year or €275 per month.”
“The Chair has informed me that to conduct an Inquiry ‘is not considered best use of our resources’ and that ‘any such work would primarily be a matter for the Central Bank and the Department of Finance’.”
“This is clearly an issue about consumer protection. Why can Belgian or German consumers get a rate of about 3% for a long-term fixed mortgage product from their bank when Irish consumers have to pay almost 4.5% for a variable mortgage product. All Eurozone banks are subject to the same main refinancing rate (0.05%).”
“It is also an issue about competition. We only have 5 main players in Ireland and they all offer very similar rates. It would not make sense for the Department of Finance to conduct an Inquiry as the State owns 2 of our main banks and has a sizeable share in another.”
The European Parliament will this week vote to provide €2.5 million to support the former workers of the Lufthansa Technik/Airmotive plant in Rathcoole, Co Dublin. The funding is being made available through the European Globalisation Adjustment Fund (EGF). The EGF provides additional support for workers made redundant as a result of changes in world trade patterns due to globalisation.
“A total of €4.1 million will be made available to support the former Lufthansa Technick/Airmotive workers. €2.5 million will be provided by the European Union with the balance to be provided by the Government.”
“They money will be used to help the 450 redundant workers start new businesses, provide career planning assistance, training opportunities and further education programmes.
“When 450 workers lost their jobs as a result of outsourcing, the Government applied to the EU for funding designed to assist people impacted by globalisation. This is a good example of the practical support the European Union can offer its citizens. The financial support from the European Globalisation Adjustment Fund (EGF) is an acknowledgement that European solidarity is alive and well.”
Dublin MEP, Brian Hayes has today welcomed confirmation that a vote on a new EU wide emergency call system for new cars will take place at the Strasbourg Plenary in April. This is a revolution for safety on the roads and a technological first for the car industry in Europe. It is an example of Europe at its best.
If voted through Parliament the “E-Call” system will be required to be installed in all new cars from 2018 on. The system would automatically alert emergency services when an accident occurs.
“I fully support this new initiative. Every year emergency services across the EU deal with road accidents which in 2013 took 26,000 lives across the EU. Too many people are dying on our roads. Every minute counts when it comes to a road accident. It is estimated that “E-Call” when fully operational could potentially save 2,500 lives per year across the EU.”
“The device would purely work as a safety device. There will be no monitoring of motorists movements. When a crash occurs the system will automatically send a message to emergency services stating the type of car, the fuel type, time of accident and the location. This will then allow emergency services plan the quickest route to the accident. Getting to the scene of an accident quickly can obviously save lives.”
“If successfully passed in Strasbourg next month all new cars would be fitted with the new technology from 31st March 2018.”
Fine Gael MEP for Dublin, Brian Hayes has welcomed the breaking news today that Dublin City Council has entered talks to buy Dalymount Park from Bohemians Football Club. A €3.4m deal could see the local authority take control of the ground from Bohemians. It is expected that the FAI would lease the stadium from the council allowing both Bohemians and Shelbourne to use the ground.
“It is very apt that in the year when John Giles was granted the freedom of Dublin City, Dublin City Council would come to the rescue of Dalymount Park – a ground synonymous with Giles and Irish Soccer.”
“The dilapidated state of Dalymount Park in recent years has been in sharp contrast to the development of other Dublin stadia such as Croke Park, Lansdowne Road and the RDS in recent years. It’s time for Dalymount to take its place amongst the great stadia of Dublin and Ireland again.”
“Anyone who remembers Giles and Brady playing for Ireland to crowds of 40,000 knows that the stadium has the potential to host major sporting events. With Dublin and the Aviva Stadium hosting 3 group games and a last-16 fixture at Euro 2020, now is the perfect time for City authorities to develop and support the domestic game in our capital.”
“Securing the future of the ground built in 1901, recognising its place in Irish Soccer history and the potential for a world class sporting facility make a deal between Dublin City Council and Bohs so significant.”