The Deputy’s question is quite wide-ranging and it is not possible in the time allowed to address in detail each of the categories listed, so I will focus on the significant work undertaken in recent years, which is still ongoing, to address tax avoidance at domestic and international levels.
Corporation tax is a significant element of Exchequer tax revenue. Projected corporation tax receipts for 2018 are more than €8.5 billion, representing 15.7% of projected tax receipts. Over and above this, companies also generate substantial tax revenues under other tax headings, including payroll taxes and VAT. The long-term sustainability of corporation tax receipts and of the corporation tax system is therefore a key consideration in every budget cycle.
In 2016, my Department commissioned an independent review of the corporation tax code by Mr. Seamus Coffey. The review was completed and published in June last year and contained 18 recommendations, some of which Mr. Coffey noted were very technical in nature and would require further consultation. I commenced implementing the recommendations last year in budget 2018 with the reintroduction of the 80% cap on capital allowances for intellectual property, and a consultation was held early this year on the implementation of the remaining recommendations. More than 20 submissions were received to this consultation, many of which were detailed and highly technical. My officials are reviewing these submissions and it is my intention to continue this process of open engagement with stakeholders, including my colleagues in the Dáil, through the publication of a roadmap for the implementation of the Coffey recommendations and the anti-tax avoidance directives.