Oireachtas Joint and Select Committees
Thursday, 2 December 2021
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Revenue Commissioners
Chapter 12 - Controls over the Temporary Wage Subsidy Scheme
Chapter 13 - Revenue's Management of Suspicious Transactions Reports
I have read what the judge said and the direct quotation Mr. Cody included in the correspondence. I thank him for that. It was helpful and I understand it. The Revenue Commissioners were found to be correct in that case. I am trying to figure out, as a member of the committee, and I am sure many members of the public are also trying to figure out, whether it was treated as a capital exchange that attracted tax at 33% or as a normal, day-to-day transaction that attracted 12.5% in corporation tax on profits. Which was it?