Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

Let me make two quick points. First, that a company pays tax and then the individual shareholders pay income tax on the post-tax profits is not double taxation. That happens in every company around the world. The company pays its corporation tax and whatever else as well as the shareholders and the shareholders pay tax. Double taxation occurs when, for example, a company invests in a supermarket in France, the French Government applies taxes to its profits, it brings the profits home and the same taxes are applied here in Ireland.