Oireachtas Joint and Select Committees

Tuesday, 17 September 2013

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation

Base Erosion and Profit Sharing: Discussion with Trinity College

3:25 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Professor Barry has the reference for this, and for anyone who wants to seriously examine this, it is the CTS 1 table from the Department of Finance. People should also examine the CTS 3 table, which gives some of the headings under which the taxable profits of €70 billion are written down progressively such that they end up at €4 billion. That would be under headings such as trading losses, which allows an incredible €21 billion to be deducted from the figure, moving losses around from one part of a company to another, extraordinary losses appropriate to the trade and credible group relief charges.

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