Mr. Conor O'Brien: It is based on...: 28 May 2014: Oireachtas Joint and Select Committees (KildareStreet.com)

Oireachtas Joint and Select Committees

Wednesday, 28 May 2014

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

Ireland's Corporate Tax System: (Resumed) KPMG and Unite

3:40 pm

Mr. Conor O'Brien:

It is based on the arm's length pricing principle.

It can only charge and get a deduction for the price it would have been able to charge a third party.