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

Ms Margrethe Vestager:

Where profits are recorded here by a taxable entity, taxes are to be paid here. At the same time, as the Deputy will know, Apple has a large sum of money that is not repatriated to the United States. Part of that sum is to pay taxes. I think the provision is the equivalent of 14% of the unrepatriated profits, but that is a matter for the US authorities, not us, as state aid controller, and not for the Irish authorities.

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