Oireachtas Joint and Select Committees
Wednesday, 11 June 2014
Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation
Reform of Global System of Corporation Tax: EU Commission and KPMG
3:30 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
To follow up on that, and Mr. Lynch is welcome to intervene on this as well, I am not asking Mr. Kermode to go into details about an individual company, although we have discussed Apple because it is in the middle of a formal investigation and it is encompassed by these figures in a big way. However, this is applicable across the State. Perhaps the best way to look at this is to compare it with other European jurisdictions. I am sure Mr. Kermode is knowledgeable of them. Is this what is happening across Europe, namely, that the average profits of multinational companies over the last five years have remained the same while the payments of royalties or licences have doubled, or are we an outlier in this regard? We know transfer pricing is a major issue globally and must be resolved on a global level. However, is Ireland in line with what is happening in this area, whether we like it or not, or is it an outlier whereby more transfer pricing has been taking place in this State than in other states?
No comments