Tax Yield.

Tuesday, 20 March 2007

Questions (87)

Thomas P. Broughan

Question:

154 Mr. Broughan asked the Minister for Finance the corporation tax paid by the largest 100 corporate tax payers in corporation tax for each of the years 2003, 2004, 2005 and 2006, broken down into quintiles (details supplied); the industries involved in respect of each quintile; the total paid by IFSC companies; and if he will make a statement on the matter. [10223/07]

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Written answers

Minister for Finance (Mr. Cowen)

I am informed by the Revenue Commissioners that the relevant information available is in respect of the yields in each of the calendar years 2003, 2004 and 2005 of Corporation Tax from the 100 largest payers of Corporation Tax in the calendar year 2005. The figures in question, together with information on the sectoral breakdown of the companies, are set out in the tables.

Table A: Distribution by quintile and economic sector of the 100 largest Corporation Tax (CT) paying companies in 2005

Sector Quintile	Computer	Energy	Finance	Medical/Pharma	Other	Total
1	6		4	8	2	20
2	1		12	3	4	20
3	2	2	12	2	2	20
4	1	2	6	7	4	20
5	1		14	2	3	20
Total	11	4	48	22	15	100

Table B: Breakdown by quintile and economic sector of Corporation Tax paid in 2005, 2004 and 2003 by the 100 largest CT payers

2005
Sector	Computer	Energy	Finance	Medical/Pharma	Other	Total
Quintile	2005 CT	2005 CT	2005 CT	2005 CT	2005 CT	2005 CT
	€	€	€	€	€	€
1	454,768,034		316,925,952	513,493,116	92,795,313	1,377,982,415
2	30,140,532		382,176,614	100,089,863	119,076,478	631,483,488
3	37,465,928	34,757,774	246,278,485	46,884,780	34,282,915	399,669,883
4	10,277,876	25,150,615	79,039,700	85,017,288	46,551,733	246,037,212
5	9,572,279		119,196,396	18,020,233	27,527,422	174,316,331
Total €	542,224,649	59,908,389	1,143,617,148	763,505,280	320,233,862	2,829,489,328

2004

Sector	Computer	Energy	Finance	Medical/Pharma	Other	Total
Quintile	2004 CT	2004 CT	2004 CT	2004 CT	2004 CT	2004 CT
	€	€	€	€	€	€
1	425,547,118		239,594,703	687,444,430	92,703,827	1,445,290,078
2	24,512,409		302,484,569	90,354,951	114,423,353	531,775,282
3	45,806,510	28,777,050	132,209,219	16,906,404	66,364,166	290,063,348
4	7,873,650	13,999,646	64,765,842	95,539,085	23,150,695	205,328,917
5	14,299,990		152,923,767	3,047,418	20,623,995	190,895,170
Total €	518,039,676	42,776,696	891,978,099	893,292,288	317,266,035	2,663,352,795

2003

Sector	Computer	Energy	Finance	Medical/Pharma	Other	Total
Quintile	2003 CT	2003 CT	2003 CT	2003 CT	2003 CT	2003 CT
	€	€	€	€	€	€
1	379,979,894		77,853,215	994,564,338	84,134,882	1,536,532,329
2	7,298,223		203,619,848	105,020,317	82,632,271	398,570,660
3	17,800,638	19,730,236	98,154,176		15,009,935	150,694,985
4	13,253,658	11,091,216	58,183,298	106,255,644	25,512,560	214,296,376
5	11,071,386		87,839,443	8,363,731	17,059,251	124,333,810
Total €	429,403,799	30,821,452	525,649,979	1,214,204,030	224,348,899	2,424,428,160

The corresponding information is not readily available for 2006.

With regard to the tax yield from IFSC companies, the available information in respect of yield from corporation tax is as set out in the table.

Year	2003	2004	2005	2006
Estimated IFSC tax paid €m	618.4	699.0	823.5	1,118.1

The 10% corporation tax rate was discontinued for some IFSC companies with effect from 1 January 2003 and for the remaining IFSC companies from 1 January 2006. For this reason, it is no longer possible to separately identify the tax paid on IFSC activities from tax paid on other activities of IFSC companies. The inclusion of tax paid on these other activities is reflected in the 2004 and 2005 yield figures to some degree and to a much greater degree in the figures for 2006.

The figures included in Tables A and B of this reply are of the amounts of Corporation Tax paid in 2003, 2004 and 2005 by the top 100 individual companies that paid the most Corporation Tax in 2005 and does not include payments from any other related company within a corporation or company group. Except for Value Added Tax, where group remitting by one specific company applies, each company within a group is only liable for its own tax affairs and is registered separately with Revenue for the taxes to which it is liable.

There were nine economic sectors identified with the top 100 companies namely, Computer, Construction, Energy, Finance, Manufacturing, Medical, Pharmaceutical, Retail & Telecom. However, because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers and small groups of taxpayers and the possible risk to confidentiality posed by providing a breakdown by sector over quintiles, the number of economic sectors identified in this reply has been aggregated to five namely, Computer, Energy, Finance, Medical/Pharmaceutical & Others.