Oireachtas Joint and Select Committees

Thursday, 3 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU Proposals on Taxation of the Digital Economy: Discussion (Resumed)

9:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

The second question is on the calculations the Revenue Commissioners have made. The tax some of the larger companies based in Ireland would have to pay can offset that against their corporation tax here, which would lead to the State losing between €120 million and €160 million. Obviously, they get back approximately €45 million, which is the estimate, but it would be a loss to the State, not to the companies.

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