Oireachtas Joint and Select Committees
Thursday, 2 February 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners
9:30 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Multinational companies structure themselves in different ways. Some of the structures are quite complex. It does not just apply to Apple. In Ireland's case, the legal advice and the opinion of Revenue was that only the profits generated from economic activity in Ireland were taxable. Apple paid the full 12.5% on the profits made on the economic activity in Ireland.
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