Oireachtas Joint and Select Committees

Wednesday, 16 May 2018

Committee on Budgetary Oversight

Corporation Tax Regime: Discussion

2:00 pm

Mr. Seamus Coffey:

I would imagine that, across the EU, there is no other country that gets the majority of its corporation tax from what we call non-domestic companies. Looking at profits across the EU, the share of profits in domestic companies would be greater than 50% for all other 27 countries. In Ireland, the share of profits from domestic companies would be less than 50% and hence more than 50% of the profits arising in Ireland would be in foreign-owned companies.