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
Seán Sherlock (Cork East, Labour) | Oireachtas source
Correct me if my mathematics are wrong, if the tax liability is €13 billion and for the sake of argument, the tax rate is 10%, the economic activity is €130 billion, if I am correct. What the Commission is saying is that in this instance, there was €130 billion worth of economic activity conducted on the island of Ireland through two entities. Is that correct based on that model?
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