Dáil debates

Wednesday, 7 September 2016

Government Appeal of European Commission Decision on State Aid to Apple: Motion

 

8:15 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Revenue Commissioners are being charged with collecting any arrears deemed to be due. They will advise on the interest rate as well. If I have information on the exact amount of interest or estimates, I will share it with the Deputy, the House and the other finance spokespersons, such as Deputy Michael McGrath. Everybody familiar with the issue of corporation tax and the debate driven in recent years by the G20 and the OECD knew there was an issue of stateless companies for tax purposes. However, because of confidentiality rules, the Revenue Commissioners would never nominate individual companies availing of stateless status. The Deputy and everybody involved with these debates knew it was an issue. That is why we legislated to eliminate the possibility by changing not tax law but residency law.

I think it was in the Finance Act 2013.

The last question was on the NAMA report. I received it in mid-August. I have three months to consider it. It is my intention, after scrutiny by my officials, to publish it before the Dáil reassembles after the summer recess.

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