Written answers
Tuesday, 16 October 2012
Department of Finance
Tax Collection
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To ask the Minister for Finance the total profits declared in Ireland by companies registered here for the past four years; the total assets of these same companies in this period; the percentage of the sales of these companies that the profits represent for each of the past four years; the percentage of the assets of these companies that the profits represent for each of the four years; the number of workers these companies employed; and the average remuneration per employee. [44299/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the latest relevant information available is in respect of all companies that were on corporation tax records in each of the four tax years 2007 to 2010. Figures for sales are not separately recorded but are included in corporation tax returns as part of a combined entry for sales/turnover/receipts. The figures for total taxable profits and of sales/turnover/receipts declared by those companies on their tax returns are included in the following table for the relevant years.
Tax Year | Total Taxable Profits of companies* | Sales/Turnover/Receipts of companies | Total Taxable Profits of companies* as a % of Sales/Turnover/Receipts. |
---|---|---|---|
2007 | €63,160m | €359,790m | 17.6% |
2008 | €51,154m | €416,922m | 12.3% |
2009 | €57,210m | €478,628m | 12.0% |
2010 | €61,034m | €461,451m | 13.2% |
* Before certain deductions such as management expenses but after capital allowances and loss relief.
The corporation tax return does not require information in respect of all assets held by companies and there is, therefore, no reliable basis for compiling this information.
The corporation tax return does not require the number of workers and their associated remuneration to be identified. Therefore, the information requested by the Deputy in this regard cannot be provided .
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