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. Niall Cody:
If there is a jump in any particular period, for any particular tax head, there is a focus on it and there is generally an explanation. There was probably what would be seen as a number of companies having significant dividend payments in 2015. Sometimes it has to do with a restructuring of their whole shareholder base. That resulted in an increase in dividend withholding taxes. Obviously a lot of the commentators will criticise the accuracy of forecasting. There are certain things that we cannot forecast because we do not know they are going to happen.
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