Oireachtas Joint and Select Committees
Tuesday, 13 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Scrutiny of EU Legislative Proposals (Resumed).
2:35 pm
Mr. Seamus Coffey:
Depending on the treatment of financial leases, they probably would be counted for the purposes of the CCCTB. It has been foreseen that the companies could sell the buildings and lease them back. If they lease them, they will still count as their fixed assets in the calculation. However, it does show that this is not really in line with where the modern economy has gone and where the problems in international taxation are in terms of dealing with intangibles. The solution here is just to ignore them, which is not appropriate.
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