Oireachtas Joint and Select Committees

Wednesday, 28 May 2014

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

Ireland's Corporate Tax System: (Resumed) KPMG and Unite

2:40 pm

Mr. Conor O'Brien:

The Department of Finance paper attempts to reconcile them somewhat. I have not looked at the CSO data.

Mr. Taft might comment. It states that the net operating surplus number from the CSO does not include a deduction which should be there for, I think, approximately €5 billion of interest which it treats as not being an expense.

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