Oireachtas Joint and Select Committees
Thursday, 25 January 2024
Public Accounts Committee
Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses
9:30 am
Mr. Niall Cody:
The global work that is done on international tax is under Pillar I and Pillar II. Pillar II is what is being implemented and it brings in this minimum effective rate across the multinationals in all countries in which they operate. There are detailed and complex rules involving calculations and computations and then there is exchange of information between all of the countries in which the multinationals operate. The reality is multinationals will be paying the minimum effective rate of 15% and-----