Tax Collection

Dáil Éireann Debate, Tuesday - 16 October 2012

Tuesday, 16 October 2012

Questions (185)

Richard Boyd Barrett

Question:

185. Deputy Richard Boyd Barrett asked the Minister for Finance the total profits declared in Ireland by companies registered here for the past four years; the total assets of these same companies in this period; the percentage of the sales of these companies that the profits represent for each of the past four years; the percentage of the assets of these companies that the profits represent for each of the four years; the number of workers these companies employed; and the average remuneration per employee. [44299/12]

Written answers

Minister for Finance

I am informed by the Revenue Commissioners that the latest relevant information available is in respect of all companies that were on corporation tax records in each of the four tax years 2007 to 2010. Figures for sales are not separately recorded but are included in corporation tax returns as part of a combined entry for sales/turnover/receipts. The figures for total taxable profits and of sales/turnover/receipts declared by those companies on their tax returns are included in the following table for the relevant years.

Tax Year	Total Taxable Profits of companies*	Sales/Turnover/Receipts of companies	Total Taxable Profits of companies* as a % of Sales/Turnover/Receipts.
2007	€63,160m	€359,790m	17.6%
2008	€51,154m	€416,922m	12.3%
2009	€57,210m	€478,628m	12.0%
2010	€61,034m	€461,451m	13.2%

* Before certain deductions such as management expenses but after capital allowances and loss relief.

The corporation tax return does not require information in respect of all assets held by companies and there is, therefore, no reliable basis for compiling this information.

The corporation tax return does not require the number of workers and their associated remuneration to be identified. Therefore, the information requested by the Deputy in this regard cannot be provided.