Oireachtas Joint and Select Committees
Tuesday, 28 November 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Review of Ireland's Corporation Tax Code: Discussion
7:15 pm
Mr. Seamus Coffey:
It should not have an impact provided companies did not abuse the system and move profits that should be declared in Ireland to jurisdictions with lower tax rates and then bring them back in and declare that they earned the profits abroad. If the rate in the other country is lower than ours, we would lose. That is why we would need controlled foreign corporation, CFC, rules to attribute the income back to Ireland.
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