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
Pearse Doherty (Donegal South West, Sinn Fein)
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This is a significant development in an Irish context. The committee heard last year from the Minister and officials from both the Department and the Revenue Commissioners. When we questioned them about the issue, it was broadly accepted that they did not expect the process to go any further, as the Commission was trawling for information across a number of member states.
As has been noted, the company involved in the Irish context is a large employer in the State. Two companies have been named by the Commission and one of those recorded €74 billion in income over three years and paid no taxes. That information comes from evidence in a US Senate sub-committee. These are large sums of money. If there was state aid, it would be open to the Commission to demand that the money would be repaid to the Irish Revenue Commissioners.