Chartered Accountants Ireland brief the Public Accounts Committee on the corporation tax system
Chartered Accountants Ireland briefed the Dáil Committee of Public Accounts (PAC) on the corporation tax system in advance of the Committee’s questioning of Revenue and the Department of Finance on 22 February.
Chartered Accountants Ireland provided a written overview of the Irish Corporation Tax system, which the PAC has now published. Norah Collender and Brian Keegan answered questions from the Committee in public session and the transcript is now available on the oireachtas website www.oireachtas.ie.
The Public Accounts Committee were prompted to review the corporation tax system following the publication of Chapter 20 of the Comptroller and Auditor General’s report of 2016 which noted the potential risk to tax revenue in the corporate section due to the high concentration of tax receipts from a relatively small number of large corporates.