Oireachtas Joint and Select Committees

Thursday, 22 February 2018

Public Accounts Committee

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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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I will add something that I should have asked. Dr. Keegan stated that there may not be a tax advantage to incorporate. If a large portion of what in normal circumstances would be considered a salary is treated as profit from a company and is subject to corporation tax, can whatever is left in the company be invested in, for example, property or something else? It would not be drawn down as a dividend on which tax would be paid.