Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of EU Legislative Proposals

2:00 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
Link to this: Individually | In context | Oireachtas source

If Ireland is not a tax haven how is it that the top ten companies in Ireland between 2008 and 2012 paid 24% of corporation tax, presumably generating 24% of corporation profits and are responsible for less than 1% of employment? The Revenue Commissioners have provided a table showing that each worker of that 1% is associated with €7.7 million worth of corporation tax which if they were paying 12.5% - being generous to them – means that they are generating €62 million in profits. How is that explained except by the fact that profits are being booked in Ireland that are not made here?