Michael Colreavy
Question:574. Deputy Michael Colreavy asked the Minister for Communications, Energy and Natural Resources the expected profits to the State for 2016 from the Corrib gas field. [41708/15]
View answerTuesday, 24 November 2015
Questions (574)
Written answers
The economic benefits to Ireland of the Corrib gas field include the significant economic activity generated from the development stage of the project, a strengthening of Ireland’s security of energy supply and the direct return to the Exchequer through the 25% corporation tax on profits. The operation of the taxation system and the receipt of taxation are matters for the Revenue Commissioners. As such I am not in a position to provide the Deputy with an estimate of tax receipts due to the Exchequer in 2016 in respect of the Corrib gas field.