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

3:45 pm

Professor Frank Barry:

That is the sort of work that my colleague, Dr. Jim Stewart, undertakes. I would not necessarily stand over his final numbers, but he analyses flows through Ireland. The flows out of Ireland can be easily traced through the balance of payments. They tend to be repatriated profits, royalty payments and so on. These are significant components of the services account in the balance of payments. I am unsure as to how to trace the flows inwards. Dr. Stewart examines individual companies' accounts and tries to trace their flows, but the Deputy is probably more interested in the aggregate.

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