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:

The Irish tax authorities tax what is to be taxed in Ireland. We took an interest in this tax ruling because it allowed for profits to be allocated in part of the company, the headquarters, which were not taxable in Ireland. However, the branch side of the company was taxable in Ireland and we found the records that the profits ought to be recorded. That is the short and dry of the case.