Results 25,141-25,160 of 33,051 for speaker:Catherine Connolly
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Mr. Cody has given that as an example of best practice, for which I am appreciative. Was the Paradise Papers a surprise? With all of Revenue's experience and best practice in terms of offshore accounts, were the papers expected?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: I have read it, yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Is Revenue in the active process of following up on that?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: When Revenue was before us in June a number of factors arose. R&D has been a very good policy decision, Revenue has no say over it and it leads to a reduction in tax liability. The important role of Revenue is to monitor that the process is being used appropriately. When Revenue was before us in June there were serious issues raised. Revenue had outsourced to experts and there were...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Let me rephrase my query. It has not been checked that the certificates were tax compliant. It was an issue raised with the experts that Revenue had used. Tell me "Yes" or "No" that the matter has been sorted out.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Yes, that is right.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Mr. Cody might clarify the following for me. At that point Revenue talked about mandating the use of section 766 of the Taxes Consolidation Act as it would lead to more visibility about the yield generated by research and development. Has that happened? Where has the process reached?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Please clarify what it means.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: In regard to the cost of the R&D, first we have a substantial amount of companies. Mr. McCarthy gave an update. Was it found that eight or ten companies out of the top 100 did not pay any tax?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Eight companies out of the top 100 companies in Ireland do not pay any tax.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: That is all we are talking about.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: I understand. Or roll-over losses or something.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Double tax.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: There are three or four major reasons why they would not but the fact is that eight of the top 100 companies did not pay any tax.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: I have heard Mr. Cody give that answer.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: The cost is higher but the number of companies claiming the research is lower. Is that right?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: I have heard Mr. Cody say that it is marginal.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: Yes. I wish to discuss our reliance on a small section of multinationals. The Department identified the risk with that. Following this analysis, what has the Department and Revenue done about it?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) Catherine Connolly: I understand Mr. Hogan wants to come in but I have one more question. Of the 100 top companies, eight do not pay any tax, ten pay 1% and so on. Have those companies been subjected to intervention, audit or check by the Revenue Commissioners?