Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I thank Professor Barry for giving of his time today and for sharing his expertise. It has been very useful. I wish to pick up on the point of the effective tax rate. It puzzles me when we get a figure from Revenue of 11.9% or the figure Professor Barry produced of 11.1%. If we assume a corporation tax figure of say €4 billion is paid in Ireland, the difference between the 12.5% and 11.1% cited in the presentation is 1.4 percentage points, which on a base of €4 billion is €56 million. What we are being told is that there is a gap of only €56 million between what is effectively paid and what would paid at 12.5%. That is the contention. The Government is saying that is what Revenue or the Department of Finance says. Would Professor Barry accept that?