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Dáil Éireann díospóireacht -
Thursday, 18 Jul 1963

Vol. 204 No. 9

Ceisteanna—Questions. Oral Answers. - Corporation Profits Tax.

7.

asked the Minister of Finance if he will state the amount of net profits taxable to corporation profits tax for the last available year and the constituents thereof under the following headings (1) Irish companies (a) profits from home sales distributed, (b) like profits undistributed, (c) total profits from home sales, (d) profits from exports distributed, (e) like profits undistributed, (f) total profits from exports, and (g) total profits of Irish companies; and (2) foreign controlled companies (a) profits from Irish sales, (b) profits from Irish exports and (c) total profits.

The net amount of profits on which Corporation Profits Tax was assessed in the year ended 31st March, 1963, was £52,638,000. Of this figure, £47,947,200 was attributable to Irish companies and £4,690,800 to companies managed and controlled abroad. Statistics are not compiled in a manner which would enable the other information requested by the Deputy to be given.

Will the Minister explain why the information is not available now and it was made available in 1955 and 1956?

I could not explain that straight off.

It is produced by the Revenue Commissioners every year before Budget time.

It cannot be produced at the moment.

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