Oireachtas Joint and Select Committees

Wednesday, 18 November 2020

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2020: Committee Stage (Resumed)

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Could the Minister tell us the latest available figure for intra-group transactions? I have raised the issue of intra-group transactions as a very significant example of these huge giveaways to multinationals using labyrinthine structures of subsidiaries to avoid tax. Up until recently, the Revenue tables showing the tax reliefs and allowances that are available contained a heading labelled intra-group transactions. The last figure I saw was something like €9 billion and it was rising consistently. It was one of the largest categories of tax relief and had risen very dramatically over recent years. I looked recently at the Revenue table on this and the category of intra-group transactions seemed to have disappeared, which I thought was a bit odd because large companies use multiple subsidiaries to avoid tax. As we need to know the extent of this, could the Minister tell us how much tax relief is being given out under the heading of intra-group transactions according to the latest available figures?

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