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
I cannot add to what is in the public domain on NAMA's practice but I am assuming we will get parliamentary questions on it and we will give a more detailed response to them. I do not think we will be able to increase the estimate of tax forgone because I assume that NAMA did not try to change structure or behaviour when the law changed in the Dáil. It just accepted the new legal position but other companies are changing structure and practice to reduce liability. The Revenue will have some information on this as the year goes by.
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