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

4:00 pm

Mr. Conor O'Brien:

I would suggest not. The reason I would suggest not is because were we to do so, a substantial number of companies that rely on the ability to pay royalties to such countries would potentially decamp from the country and we would lose the corporation tax revenues, the PAYE revenues and other revenues associated with those companies and it would render us uncompetitive with other jurisdictions.