Tax Collection

Dáil Éireann Debate, Tuesday - 16 October 2012

Tuesday, 16 October 2012

Questions (187)

Richard Boyd Barrett

Question:

187. Deputy Richard Boyd Barrett asked the Minister for Finance the total profits of foreign subsidiaries of companies registered here; if Revenue will state the amount of extra taxation that would accrue as a result of the implementation of controlled foreign company regulations that would designate subsidiaries of Irish registered companies in other countries as taxable here. [44302/12]

Written answers

Minister for Finance

I am informed by the Revenue Commissioners that it is not possible to separately identify from their records either the foreign subsidiaries of companies registered here or the profits of such subsidiaries. Accordingly, it is not possible to provide the information requested by the Deputy.