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Seamus Coffey

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Seamus Coffey
Seamus Coffey, testifying to the Joint Committee on Finance (Dec 2016)[3]
Born1977 or 1978 (age 45–46)[2]
Cappamore, Limerick, Ireland.[2][1]
CitizenshipIrish[2]
Academic career
FieldPublic economics,
Corporate tax[1]
InstitutionUniversity College Cork[1]
Alma materUniversity College Cork[2]
ContributionsCorporate tax (Coffey Report)
AwardsEisenhower Fellow
WebsiteEconomic Incentives (blog)

Seamus Coffey is an Irish economist and media contributor with a focus on the performance of the Irish economy and Irish macroeconomic and fiscal policy.[4] He is a lecturer at University College Cork. He was chair of the Irish Fiscal Advisory Council (IFAC) from 2016 to 2020.[1]

Career

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Coffey authored the Irish state's review of the Irish corporate tax code in 2016 (the Coffey Report), whose findings were implemented in 2017–2018.[5][6] His bi-annual statutory IFAC reports on the sustainability of Irish State finances are covered in the Irish and international media.[7][8][9][10] In December 2017, International Tax Review named Coffey in its 2017 Global Tax 50.[11] Coffey maintains an economics blog called Economic Incentives,[12][13] which was the first to show the source of Ireland's 2015 distorted GDP growth was Apple.[14][15][16]

Coffey has won praise amongst financial commentators for the independence of IFAC's reports, and his role of 'financial watchdog' of state finances.[17][18][19]

See also

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References

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  1. ^ a b c d Donal O'Donovan (8 December 2018). "PROFILE: 'Combative' fiscal chief who speaks truth to power". Irish Independent. Coffey is an increasingly high-profile player in Irish life. Last week, he told the Oireachtas Budget Oversight Committee that Donohoe's long-term spending plans "lack credibility" and "look unrealistic".
  2. ^ a b c d Donal O'Regan (19 October 2018). "Limerick man minds the Irish economy and the net as he bags a county medal". Limerick Leader.
  3. ^ Charlie Taylor (13 December 2016). "Tax reform: TDs told Ireland has more to fear from EU than Trump". Irish Times.
  4. ^ Coffey, Seamus (22 April 2020). "HOMEFACULTY AND RESEARCHFACULTY DIRECTORY MR SEAMUS COFFEY". cubsucc. Retrieved 22 April 2020.
  5. ^ Eoghan Burke-Kennedy (12 September 2017). "Strong corporate tax receipts 'sustainable' until 2020". Irish Times. The review, by economist Seamus Coffey, who is also chairman of the Government's Fiscal Advisory Council, comes in the wake of a series of controversies concerning Ireland's tax regime, culminating in the European Commission's ruling last year that Apple should repay €13 billion in back taxes to Ireland.
  6. ^ "Government publishes plan to overhaul corporation tax". RTE News. 5 September 2018. The Roadmap includes consideration of responses received to the Department of Finance's consultation on the recommendations made in a review by UCC Economics Lecturer Seamus Coffey.
  7. ^ Stephen O’Brien (14 January 2018). "Corporation tax shock fear for economy". The Sunday Times. Irish Fiscal Advisory Council chairman Seamus Coffey, (pictured), has backed calls for the government to increase its rainy day fund
  8. ^ Vivienne Clarke (11 October 2018). "Ireland 'vulnerable to inevitable downturn', says financial watchdog head". Irish Times. Seamus Coffey, chairman of the Irish Fiscal Advisory Council, said that overall there is little indication the budget is Brexit-proof because as money is being spent as quickly as it is coming in.
  9. ^ Authur Beesley (17 September 2017). "Ireland's 'bad bank' set for new role as property developer". Financial Times. Still, Ireland's fiscal watchdog has warned that a sharper housing recovery than expected could have adverse consequences elsewhere in the economy. "This response to apparent housing shortages would be welcome, but to the extent that it causes the economy to overheat, offsetting actions may have to be taken elsewhere to counteract this," Seamus Coffey, chairman of the Irish Fiscal Advisory Council, told a parliamentary committee this week.
  10. ^ Eoghan Burke-Kennedy (24 October 2018). "EU tax plan 'an imminent threat' to Irish economic model". Irish Times. EU plans for a common corporation tax regime across the bloc poses an "imminent threat" to the Republic's economic model, economist and chairman of the Irish Fiscal Advisory Council Seamus Coffey has warned.
  11. ^ "Global Tax 50 2017: Seamus Coffey". International Tax Review. 13 December 2017. Seamus Coffey is a new entry for this years Global Tax 50, and makes the cut for his extensive review of Ireland's corporate tax code
  12. ^ Juliette Garside (1 September 2016). "Ireland may have to revise GDP figures for last decade, warns expert". The Guardian. "If the European commission have ruled this profit should be taxable in Ireland, it should be reflected in the GDP numbers," said Seamus Coffey, lecturer in economics at University College Cork on his blog, Economic Incentives.
  13. ^ Charles Arthur; Samuel Gibbs (30 September 2016). "Apple may have to repay millions from Irish government tax deal". The Guardian. Seamus Coffey, an economics lecturer at University College Cork, who has examined Apple's Irish tax affairs, said: "The EC can demand back payments for 10 years, which would take it back to 2004."
  14. ^ Seamus Coffey Irish Fiscal Advisory Council (24 January 2018). "What Apple did next". Economic Perspectives, University College Cork.
  15. ^ Jack Horgan-Jones; Seamus Coffey (28 January 2018). "Apple tax bill could climb by €9bn as firms dig in". The Sunday Business Post.
  16. ^ Seamus Coffey (28 January 2018). "Why €13bn Apple tax payment may not be the end of the story". The Sunday Business Post.
  17. ^ Ian Guider (16 June 2019). "The IFAC report: A moment that requires real political courage". Sunday Business Post. Retrieved 20 June 2019.
  18. ^ Will Goodbody (11 June 2019). "Fiscal Council issues warning over Government's budget plans". RTE News. Retrieved 20 June 2019.
  19. ^ Graham Fahy (10 June 2019). "Irish Fiscal Watchdog Urges 'Prudence Account' for Corporate Tax Windfall". New York Times. Retrieved 20 June 2019.

Sources

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