Dáil Éireann Debate, Wednesday - 19 December 2018
162. Deputy Michael McGrath asked the Minister for Finance the amount of corporation tax paid by foreign multinational companies; the number of foreign multinational companies that have paid corporation tax to date in 2018; and if he will make a statement on the matter. [53960/18]
Amharc ar fhreagra163. Deputy Michael McGrath asked the Minister for Finance the amount of corporation tax paid by the top ten payers to date in 2018; if these companies are foreign multinationals; the figure for 2017; and if he will make a statement on the matter. [53961/18]
Amharc ar fhreagraI propose to take Questions Nos. 162 and 163 together.
I am advised by Revenue that information in respect of 2018 corporation tax payments is not yet available. It will be published in 2019 once the associated analysis is completed.
In relation to 2017, the most recent year for which data are available, I am advised that information in respect of the amount of Corporation Tax paid by foreign multinational companies is provided in Revenue’s “Corporation Tax 2017 Payments and 2016 Returns" statistical report. This report is published on the Revenue website at: https://www.revenue.ie/en/corporate/documents/research/ct-analysis-2018.pdf.
The following information in respect of net corporation tax receipts from the top 10 payers in the years 2015 to 2017 is provided in the aforementioned report (note that the composition of the top-10 companies changes from year to year).
|
Year |
Receipts from top 10 payers€m |
% of Total Net Receipts |
|
2015 |
2,798 |
41 |
|
2016 |
2,755 |
37 |
|
2017 |
3,230 |
39 |
Further breakdowns of this top 10 into foreign multinationals and other companies are not possible for confidentiality reasons.
With regard to the number of foreign multinational companies, the report notes that Revenue has compiled a new marker for companies tax resident in Ireland, distinguishing three categories: Irish owned multinational, foreign owned multinational and non-multinational. This identifies just over 6,200 foreign owned multinationals and around 300 Irish owned multinationals from the population of 153,700 companies active on Revenue records (filing CT1 returns). However it is noted that this is a manually compiled marker and therefore is subject to potential error and may be incomplete.
