Oireachtas Joint and Select Committees

Tuesday, 17 June 2014

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

Assessment of Measures Relating to Corporation Tax in Ireland: Discussion

3:20 pm

Ms Cora O'Brien:

I think it is the way that residence is defined right across the world. The US is exceptional in that it has an incorporation test which basically says that if a company is incorporated in the United States, its world-wide income is taxed and there are tax deferral rules. However, the general consensus among all countries and the OECD is that management and control is the test which determines residency.

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