Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

10:40 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

The reports were clear that a large sample of companies were claiming tax credits incorrectly, approximately €5 million had to be returned. It is alarming that if that sample is correct, the issue might be widespread and it would have to be remedied because it might raise concern overseas.

Do the companies use research and development as a tax reduction strategy or are the claims completely authentic?

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