Oireachtas Joint and Select Committees

Wednesday, 29 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Property Tax: Discussion with Revenue

5:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Considering we are discussing a tax valued at €250 million, I refer to the issue around Apple. The Minister replied to my parliamentary questions. It is shocking that the Revenue does not know how many companies incorporated here are non-resident for tax purposes in this State. I am very concerned about the issues relating to some of Apple's subsidiary companies which have no tax residency anywhere in the world. The Minister for Finance has said there is no special arrangement between the Department and the company. Tim Cook has said there has been an arrangement with the Revenue. The witnesses have been up to their eyes in dealing with the local property tax. Have files going back to the 1980s been examined as to the calculable profits of Apple and the arrangements made at that time and to which the chief executive of the company referred at the US Senate committee?

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