Oireachtas Joint and Select Committees

Wednesday, 25 January 2023

Committee on Budgetary Oversight

Commission on Taxation and Welfare Report: Discussion

Mr. Seamus Coffey:

The CSO has the figures on where the royalties go. Essentially, the flows to those offshore financial centres have stopped. There is still probably some but it is a tiny fraction. Before this, it used to be most of it, but it has now almost stopped. The bulk of it is going to the US.

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