Oireachtas Joint and Select Committees

Tuesday, 7 February 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU State Aid Investigations into Tax Rulings (resumed)

4:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is a bit more complicated than that. Much of the profits concerned remain untaxed pending possible repatriation to the United States and pending claims by other countries which can claim there was economic activity in their jurisdiction that contributed to the generation of those profits. Commissioner Vestager opened up that in the Commission press release last August. It is not as simplistic as Deputy Boyd Barrett seeks to make out.

Dr. Stewart states he is an advocate of CCCTB. What is his assessment of the impact that would have on Ireland if the present CCCTB proposals were adopted?

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