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:

This is the fourth decision. We still have three open cases, in which we have taken no decision, on Amazon, McDonalds and Engie, the French company. I do not know - because I have not taken the decisions yet - what will come in the future. As I said, we have 1,000 rulings on our working table which we are going through mostly to get to know the nature of tax rulings. Six hundred of them come from Lux leaks and the others come from samples from all member states active in tax rulings. They are Germany, France, Denmark and almost all member states. The good news from that work is that a number of member states are doing a job that is well done. If it is a transfer pricing ruling, it is well documented. They document the price that is used, the approximate market prices, that no more questions are to be asked and no investigations to be opened.

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