Malloy Examines Ireland's Economics
May 8, 2006
Professor Michael Malloy spoke at the Annual Conference of the Irish Association of Law Teachers on April 8 in Cork.
He delivered a paper on “Transfer Pricing Principles and Economic Development: The Tax Man and a Changing Ireland” as part of a panel on law and the economy. The paper examines the phenomenon of transfer pricing and its effect on corporate taxation within the EU -- a single internal market with 25 taxing authorities. Assessing the Commission's proposal to harmonize the corporate tax base, but not tax rates, he argues that tax base harmonization would blunt the comparative advantage of low tax rate strategies used by member states such as Ireland as an instrument of economic development policy and suggest the likely future approaches available to such member states.