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
3:35 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
This is why I have always struggled with these corporation tax effective rates because what we are saying is that around €50 million goes back to companies for proper research and development activity, let us hope. By the way, there are tens of billions of euro being made here which are almost entirely being funnelled out of the country or just not being paid anywhere and when we figure out our corporation tax, we ignore all of that. I would like Professor Barry's opinion as to whether it is reasonable of me to say that our effective rate of corporation tax is 11.1% ignoring all the tax avoidance that goes on?
No comments