Oireachtas Joint and Select Committees
Tuesday, 31 January 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition
12:30 pm
Ms Margrethe Vestager:
Where profits are recorded here by a taxable entity, taxes are to be paid here. At the same time, as the Deputy will know, Apple has a large sum of money that is not repatriated to the United States. Part of that sum is to pay taxes. I think the provision is the equivalent of 14% of the unrepatriated profits, but that is a matter for the US authorities, not us, as state aid controller, and not for the Irish authorities.