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

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

That is actually not what I want. The Department of Finance prepared a paper on the corporation tax rate. It is a very good paper which explained that there are at least four different ways of calculating the effective rate. That paper showed that one can get, for the very same year on the basis of the same figures, a variation in the effective tax rate. The rate can be around 6% if it is the implicit rate calculated in the way that the European Commission does such calculations. The rate can be around 11.9%, if the Department of Finance does its calculations. There was even an amazing calculation which had the rate higher than the nominal rate of 12.5%, which was a pretty extraordinary feat but nonetheless, somebody managed that one. What I would like, for all of the relevant years and particularly for 2015, is the different calculations so that we have the range of calculations of the effective rate. Is that possible?

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