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

3:35 pm

Mr. Eamonn O'Dea:

We have made some efforts regarding aggregation in recent years. The results point to a figure very close to 12.5%. The differences are made up by specific credits. Included would be double taxation relief, which is substantial, manufacturing reliefs for 2010 – there were still some them – and the research and development credit. The latter would have accounted for some of the difference. The figure was quite close to 12.5%.