Oireachtas Joint and Select Committees
Wednesday, 14 June 2017
Committee on Budgetary Oversight
Corporation Tax Receipts: Department of Finance and Revenue Commissioners
3:00 pm
Mr. Gerry Howard:
Obviously, Revenue must be cautious in terms of predicting what happens in the future but there is no indicators that what happened in 2015 was just a once-off situation. As Mr. Walsh has said, the receipts for this year are rolling on ahead so it would appear that this would be the position. This type of relationship with IP is a common regime throughout the world so there are many other jurisdictions such as France and the US where people either pay royalties or get capital allowances.
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