Oireachtas Joint and Select Committees

Wednesday, 16 May 2018

Committee on Budgetary Oversight

Corporation Tax Regime: Discussion

2:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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Does Mr. Coffey think there has been a worrying preponderance of special purpose vehicles?

I think we have one of the highest number of registered SPVs in Europe. These are, in many cases, companies that just appear and then disappear and do not really leave much behind. In the film industry, for example, companies appear and then disappear but they get a lot of tax relief. There are other types of SPVs in operation here too. Is Mr. Coffey concerned about them?