Oireachtas Joint and Select Committees
Thursday, 8 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Economic Survey of Ireland 2018: OECD
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Ireland has been highly successful in attracting foreign direct investment. One of the tables in the survey shows that corporation tax receipts in 2011 accounted for 10% of all tax collected in Ireland and this figure had increased to 16% in 2017. In addition, 80% of corporation tax collected in Ireland is paid by multinational companies and the top ten companies or groups pay approximately 40% of all corporation tax. Does the OECD have any concerns regarding the growing level of dependence on corporation tax and the concentration of corporation tax receipts among a very small number of companies?
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