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Corporation Tax

Dáil Éireann Debate, Tuesday - 27 March 2018

Tuesday, 27 March 2018

Questions (124)

Thomas P. Broughan

Question:

124. Deputy Thomas P. Broughan asked the Minister for Finance the estimated impact of proposed EU tax changes on his Department's estimates of Ireland's corporation tax revenues in 2018, 2019 and 2020; and if he will make a statement on the matter. [13627/18]

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Written answers

I am assuming that the Deputy is referring to the recently published proposals from the Commission on taxation of certain digital activities. I am advised that Revenue have been examining the potential impact of the proposed changes proposed by the Commission but which yet have to be discussed by Council. Information provided in Corporation Tax returns does not separate the digital and internet activities of companies from other activities within the same entity, which makes estimation of impacts challenging in the absence of such information. However, with the recent publication of more detailed proposals from the Commission, Revenue will continue this work towards estimating the possible impact of the proposals.

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