Oireachtas Joint and Select Committees

Thursday, 30 November 2017

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts

9:00 am

Mr. Niall Cody:

One of the things that is very interesting is that four sets of information, essentially, has come out of various financial institutions or advisers. I am certain that this is going to be a trend that will continue to the extent that there is information that comes to light. I think some of the things that are interesting is that we are seeing, in some of the documents that are written about in the press, information that would never be provided. Advisers and their agents do not share with ourselves some of their thinking. There is a colour in it. We welcome that type of information. If a person wants to approach us with information that he or she has then we are always open. We would get those type of information released.

Deputy Catherine Connolly:I would like to engage longer with Mr. Cody because this matter is very interesting. As my time is limited I will ask specific questions on research and development, R&D, which is one of the key reasons tax liability might be reduced. Is that right?