Oireachtas Joint and Select Committees

Thursday, 1 June 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
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I have a few questions on the Exchequer receipts. I will obviously be careful to deal with administration questions. Corporation tax continues to pull ahead, and going back to 2014 and then looking at the picture in 2016, the increase still seems very strong. How solid is that? I know Mr. Cody wrote to the Minister for Finance last year, saying he did not expect all but 300 million of it for the following year, but it still seems to be increasing. Does Revenue have any view on that? How solid is the base? Can we get a picture of how many multinational companies these tax receipts are reliant upon?