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Public Accounts Committee: Business of Committee (30 Nov 2017)

Seán Fleming: Before we go to the next item on the agenda, there is one item I omitted to mention before the break. I want the committee's agreement on this. The committee has already decided that we will produce a report to be published in early 2018 in respect of the public hearings we have had since the Dáil resumed in September. We will do the first five or six meetings up to early November....

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: We are joined today by Mr. Niall Cody, chairman of the Revenue Commissioners, Mr. Declan Rigney, assistant secretary in the planning division, Dr. Keith Walsh, principal officer, and Mr. Liam Woods, principal officer. We are dealing today with the Comptroller and Auditor General's 2016 Report. I apologise - I should have said Mr. Keith Walsh. We are dealing today the Comptroller and...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: I thank Mr. McCarthy and now invite Mr. Cody to make his opening statement.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: I thank Mr. Cody. I want to ask the Department of Finance a question first about Ireland's arrangement on corporation tax, which is the topic we are discussing today, and about the decision by the European Commission on the illegal state aid arising from our corporation tax arrangements with multinational companies. It was decided in August 2016 that €13 billion was to be collected...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Everything I have said is in the Official Report of Dáil proceedings, so there is no confidentiality issue in any matter I have discussed. It is all on public record and quoted by the Minister in the Dáil Chamber and discussed in that House. I have not mentioned any company.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Can you explain that for the listeners?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: I take it from what you are saying today that, as we speak, €13 billion is still in the bank account of Apple. Is that correct?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: I listened to Donald Trump on the radio this morning. He singled out Ireland again. Is there any possibility that while we are taking 15 months to do this he might have it repatriated to the United States? In other words, it will be gone by the time the Department of Finance is finished setting up the escrow account. Have you considered that?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: You have referred to the decision in August 2016 and the transfer to an escrow fund. You have also referred to the need for agents and a manager for the fund. You are saying a decision was made in August 2016 telling Ireland to collect that money. We did not do that in 2016. You are now saying it will not happen in 2017. You are saying Apple proposes this will happen in 2018. I listened...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: I want to clarify your comments. We are here to discuss corporation tax and that is why I am raising this issue. I understand that Ireland was disappointed with the original European Commission decision. You have now said that you are disappointed that the Commission indicated recently that it is taking Ireland to the European Court of Justice for not collecting the money before now. That...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Next year.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: In what quarter of 2018 would Mr. Hogan see that this might be dealt with? He can venture a quarter as opposed to a month.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: If Mr. Hogan cannot, he cannot.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: For the benefit of-----

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: It does not mean the payment.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: For public information, there have often been short debates in the Dáil and probably the people will get a better understanding of what is happening. Is the Department of Finance in charge of this process? Does the Revenue, the NTMA or the Attorney General have a role?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Does Revenue have a role in collecting the money?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Really the Department of Finance is taking the lead on this.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Will it require legislation at any stage?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
(30 Nov 2017)

Seán Fleming: Is the Department satisfied about that?

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