Oireachtas Joint and Select Committees

Thursday, 22 February 2018

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed)

9:00 am

Mr. Seamus McCarthy:

We looked at the question of corporation tax losses carried forward a number of years ago. We published a chapter in 2012 on this subject, so I have a couple of observations on the issue. At the time, the losses forward at the end of 2011 were approximately €183 billion. There has been an increase in the total amount. Some of those losses were used in the intervening period and some allowances were carried forward. An age analysis was not available at that stage. A point we made in the report is that analysis of the balances showed at that stage that 24 cases accounted for 57% of the total. From an age------

Comments

No comments

Log in or join to post a public comment.