Seán Sherlock (Cork East, Labour) | Oireachtas source

Perhaps we can provide some clarification on that.

This is not a logical inclusion in a company's financial statements, but the Deputy may have alluded to this in his statement defending the amendment. Financial statements relate to the companies financial performance, not to its tax obligations. Fiscal accounting addresses tax obligations. If the Government was to consider a requirement to require businesses to obtain and publish a certificate of tax compliance, it would do so in tax law, not company law, in order to catch both company and non-company businesses that also pay taxes. The introduction of this requirement would be entirely without precedent across the European Union. It is on that basis the we do not propose to support the amendment.

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