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%.