Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Public Accounts Committee

2018 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 17 - Tax compliance interventions
Chapter 18 - Tax relief on film production

9:00 am

Mr. Niall Cody:

I cannot say whether they are sustainable. We have put out specific information about what the top ten pay. We have put this information out for the last four or five years. We have provided the analysis. A really concentrated level of corporation tax is paid by a small number of companies. Some 77% of corporation tax receipts were paid by foreign-owned multinationals. It is concentrated and, as we discussed earlier, there are significant international developments with regard to multinational tax. That will play out over the coming years. There have been significant changes with regard to base erosion and profit shifting. It is a volatile figure. I would certainly be very careful if I was in a position different from my own.

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