Oireachtas Joint and Select Committees

Wednesday, 11 June 2014

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

Reform of Global System of Corporation Tax: EU Commission and KPMG

3:20 pm

Mr. Philip Kermode:

The case is relatively straightforward. Rules provide that if state aid has been given unlawfully, in certain circumstances that must be recovered. The wider issue of what this would mean for other rulings would have to be considered as a policy issue. The focus of this investigation is very much on a specific case and ruling. It is the same not only for the Irish case, but also for the case involving the Netherlands and Luxembourg. The Deputy may have noted the issue as it pertains to Luxembourg, which is somewhat different because that country's authorities have contested the initial request for information. That will lead to a court decision in due course.