Wednesday, 8 May 2019

Questions (115, 116, 147, 154, 155)

David Cullinane

Question:

115. Deputy David Cullinane asked the Minister for Finance the number of registered companies; the number that were liable for corporation tax; the number that paid; the amount each paid, respectively; and the number that did not pay in each of the years 2000 to 2015, by payment bands (details supplied) in tabular form. [18653/19]

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David Cullinane

Question:

116. Deputy David Cullinane asked the Minister for Finance the income, gains and taxable income of companies that filed a return on corporation tax in each of the years 2000 to 2018, by range of tax liability band (details supplied) in tabular form. [18654/19]

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Pearse Doherty

Question:

147. Deputy Pearse Doherty asked the Minister for Finance the effective corporate tax and capital gains tax rates for private limited and public limited companies in each of the years 2016 to 2018. [19320/19]

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Maurice Quinlivan

Question:

154. Deputy Maurice Quinlivan asked the Minister for Finance the percentage of corporation tax receipts that was paid by foreign multinationals in 2016, 2017 and 2018, in tabular form; and if he will make a statement on the matter. [19343/19]

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Maurice Quinlivan

Question:

155. Deputy Maurice Quinlivan asked the Minister for Finance the share of net corporation tax receipts provided by the top ten tax paying companies in 2017 and 2018, in tabular form; and if he will make a statement on the matter. [19344/19]

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Written answers (Question to Finance)

I propose to take Questions Nos. 115, 116, 147, 154 and 155 together.

I am advised by Revenue that the available information in respect of tax liability, net trading income, net chargeable gains and taxable income of companies (all by range of net trading income) is available at link: www.revenue.ie/en/corporate/information-about-revenue/statistics/income-distributions/it-ct-distributions.aspx.

I am further advised that each year Revenue publishes detailed research papers on Corporation Tax payments and returns, which include the receipts paid by foreign owned multinationals, the share of receipts from the top ten tax paying companies and the effective rate of tax of companies. Reports for the years 2016 and 2017 are available at link: www.revenue.ie/en/corporate/information-about-revenue/research/research-reports/corporation-tax-and-international.aspx.

In particular, Section 2.4 of the most recent report (at link: www.revenue.ie/en/corporate/documents/research/ct-analysis-2018.pdf) provides information on the amounts of Corporation Tax paid by companies broken down into liability ranges.

Revenue has advised me that analysis of payments in 2018 is being finalised and will be published shortly and Revenue will provide a link to that report directly to the Deputies.

Revenue has also confirmed that the effective rate of Corporation Tax is not separately available for private limited and public limited companies. As such companies are taxable in the same manner, Revenue statistical records to do not distinguish between them.

Capital Gains Tax is charged at the standard rate on relevant chargeable gains and an effective rate is not calculated. For corporation tax purposes, chargeable gains are computed in accordance with capital gains tax principles. However, for the purpose of including chargeable gains in a company’s corporation tax computation, the chargeable gains are first reduced by any allowable losses, and the net gains are then recalculated to give an amount which is charged at the standard corporation tax rate of 12.5%. This charge produces the same tax result as if the net gains were charged at the appropriate capital gains tax rate of 33%.