Alan Farrell (Dublin Fingal, Fine Gael) | Oireachtas source

The analysis the Comptroller and Auditor General provided gave a helpful breakdown of the top 100 taxpayers and their effective rates of corporation tax and all the rest of it. Approximately 80% them are paying over 10%. Mr. Cody mentioned rather helpfully in his statement that "In summary, if the effective tax rate of each of the 13 companies is calculated before taking account of double tax relief and the R&D tax credit, each would have an effective tax rate in excess of 12%". In terms of whether those who should be paying tax are paying tax, this, in itself, is satisfactory. The R&D tax credit, introduced in 2013, is a policy matter and therefore does not come under the remit of this committee. However, it is interesting that if one removes it, there is a 12 percentage point differential which is substantial - sorry, I should say, when one includes double taxation. One cannot qualify it precisely, or perhaps one can - if Mr. Cody can intercede, he should feel free to do so. If one removes the R&D tax credit element, what percentage of tax would the 13 companies have paid? Can Mr. Cody do that?