Oireachtas Joint and Select Committees

Wednesday, 27 November 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance (No. 2) Bill 2013: Committee Stage (Resumed)

1:30 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I think they do. Those tables were extremely detailed. They showed GDP, amounts of tax paid, and everything. Those are extremely detailed tables. They showed corporate taxes paid. It had figures for these matters and it gave implicit rates. It was self-evident, unless it was an extraordinary co-incidence, that the €6.5 billion EUROSTAT had as an implicit rate for Ireland happened to coincide with the proportion of net tax paid as against total profits, which was €6.2 billion or €6.5 billion here as well. It seemed evident that is where they were getting the figure from.

They had a low figure for Holland and the next nearest was 17%, which, I think, was for Germany and which is lower than its headline rate. Germany had an implicit rate. Britain had a much higher implicit rate, and one can go through the list after that. There were much higher implicit rates and that is what I want a proper explanation for. That is not an explanation the Minister of State can give here but it is something, along with all those headings through which the companies write down their tax liabilities, that needs to be analysed. That is the point.

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