Dáil Éireann Debate, Tuesday - 22 November 2016
181. Deputy Michael McGrath asked the Minister for Finance his views on the European Commission's revised proposals for a common consolidated corporate tax base; the way he expects this proposal would affect corporation tax revenue if it were fully implemented; and if he will make a statement on the matter. [36099/16]
Amharc ar fhreagraThe European Commission's proposal for a common consolidated corporate tax base (CCCTB) was published at the end of October. It is a highly complex and technical proposal and time will be needed for all Member States to fully consider and discuss the proposal. Ireland will engage constructively on the CCCTB proposal while critically analysing whether it is in our long-term interests.
Analysis of the proposal is now underway to assess what the impact of the proposal would be on Irish corporation tax revenue. The proposal is also likely to be subject to significant changes as discussions between Member States begin in the coming months.
As always, tax remains a matter of Member State competence and unanimity is required before any proposals can be agreed.
