Oireachtas Joint and Select Committees

Wednesday, 18 September 2013

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

Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue

3:35 pm

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

It is a good effort anyway. Why does the Department or the office of the Revenue Commissioners not actually collect the information and analyse the profits of multinational companies? Why do they not examine the trend in transfer pricing, the growth in group holding companies and the number of incorporated non-resident accounts? If our effective tax rate is so close to the rate of 12.5% and if it is so transparent, why do we not collect information and state indisputably the effective tax rate of the State?

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