Oireachtas Joint and Select Committees

Tuesday, 12 December 2017

Committee on Budgetary Oversight

Revaluation of Local Property Tax and Commercial Stamp Duty: Revenue Commissioners

4:00 pm

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

Mr. Walsh may not be aware of this, but I have just been handed a note. Facebook has announced that it is moving to a local selling structure in countries where it has offices. It means that the company's advertising revenue will no longer go through its headquarters in Dublin. Can Mr. Walsh comment on this? I will not put him on the spot by asking him how it will affect corporation tax forecasts. However, from a revenue-raising point of view, what impact is it likely to have?

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