463 Deputy Stephen S. Donnelly asked the Minister for Communications, Energy and Natural Resources if, with respect to the payment of corporation tax by operators of oil and gas fields in Irish territory under Ireland’s licensing terms for oil and gas exploration, development and production, as adopted in 1992 and 2007, these licensing terms allow for the operator to write off costs incurred in other countries against their profits to be declared in Ireland; if these licensing terms allow the operator to write off the costs of unsuccessful wells drilled in Irish waters against their profits; and if so, if these licensing terms allow the operator to write off the costs of unsuccessful wells that are outside the licence area of the well on which profit is being calculated against that profit, in each case, in which the 1992 and 2007 terms differ; and if he will state the difference. [25454/12]

Summary

463 Deputy Stephen S. Donnelly asked the Minister for Communications, Energy and Natural Resources if, with respect to the payment of corporation tax by operators of oil and gas fields in Irish territory under Ireland’s licensing terms for oil and gas exploration, development and production, as adopted in 1992 and 2007, these licensing terms allow for the operator to write off costs incurred in other countries against their profits to be declared in Ireland; if these licensing terms allow the operator to write off the costs of unsuccessful wells drilled in Irish waters against their profits; and if so, if these licensing terms allow the operator to write off the costs of unsuccessful wells that are outside the licence area of the well on which profit is being calculated against that profit, in each case, in which the 1992 and 2007 terms differ; and if he will state the difference. [25454/12]

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Timeline

1. 22 May 2012

   Tax Code

   463 Deputy Stephen S. Donnelly asked the Minister for Communications, Energy and Natural Resources if, with respect to the payment of corporation tax by operators of oil and gas fields in Irish territory under Ireland’s licensing terms for oil and gas exploration, development and production, as adopted in 1992 and 2007, these licensing terms allow for the operator to write off costs incurred in other countries against their profits to be declared in Ireland; if these licensing terms allow the operator to write off the costs of unsuccessful wells drilled in Irish waters against their profits; and if so, if these licensing terms allow the operator to write off the costs of unsuccessful wells that are outside the licence area of the well on which profit is being calculated against that profit, in each case, in which the 1992 and 2007 terms differ; and if he will state the difference. [25454/12]

   Source: written

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• Tax Code

  xml · EN · 22 May 2012

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• Donnelly, Stephen. · Asking member
• Minister for Communications, Energy and Natural Resources · Minister for Communications, Energy and Natural Resources · Addressed to

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