Oireachtas Joint and Select Committees

Tuesday, 31 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition

12:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is a different interpretation from the one we have. One element many people found strange, if not bizarre, in the Commissioner’s finding was that she put an overall - mouth-watering - figure of €13 billion plus interest owed to the Irish State in back taxes. Equally, she dangled the carrot to a whole host of other countries in Europe by saying if they believed they should have been entitled to some of that tax, then they could claim it. Will the Commissioner elaborate on that logic of reaching a finding that Ireland is owed €13 billion plus interest but, equally, acknowledging it may not be that at all because an indeterminate amount of it might be owed to other EU countries which might feel the profit should have been correctly taxed in their jurisdictions?

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