Oireachtas Joint and Select Committees

Wednesday, 18 September 2013

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation

Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue

3:25 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Is it not questionable? These multinational companies' profits remain the same - their profits actually dipped over the five-year period - but the royalties they ship out of the country for intellectual property has nearly doubled. From looking at this here, it is clear that multinational companies know how much tax they want to pay in this State and they are keeping their tax payment roughly even. They keep the Revenue Commissioners and the State happy. They keep it at that, and because they are making more profit, they siphon more off in royalties. Can the Revenue come down on this? Those figures speak volumes, they speak for themselves.