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.