Written answers
Wednesday, 22 January 2014
Department of Jobs, Enterprise and Innovation
Companies Law Issues
John Paul Phelan (Carlow-Kilkenny, Fine Gael)
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101. To ask the Minister for Jobs, Enterprise and Innovation if the new competition Bill will contain a provision requiring the large multiple retailers who operate in different jurisdictions to publish annually their profits from Ireland; and if he will make a statement on the matter. [3020/14]
Richard Bruton (Dublin North Central, Fine Gael)
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It is important to note that the contents of the financial statements of companies are governed by relevant EU Company Law Directives and Regulations and by the applicable accounting standards. There are no plans to amend this disclosure regime in relation to specific sectors in the economy, as this would be open to accusations of discrimination and, were it to be required generally in the economy, it could have implications in terms of business costs and attracting foreign direct investment to Ireland.
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