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

Ms Cora O'Brien:

I really believe that the profits that were attributable to Ireland are being taxed at very close to 12.5%. I say that because our corporate tax base is so broad. It is one of the broadest bases there is. There are very few deductions. The biggest deduction is probably the research and development tax credit. Other than that, there is very little - in terms of what Ireland is entitled to deduct - that would reduce the effective tax rates on Irish-attributable taxable profits below 12.5%. The question the Deputy has raised is-----

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