56. Deputy Maureen O'Sullivan asked the Minister for Finance if he will explain the recent tax figures released regarding a company (details supplied) paying only €35,000 in Irish taxes since 2005 while paying €5.7 million in royalty and licensing fees to its parent company; his response to the fact that companies like these can cut their income tax by paying fees to its parent company making it look like they are at a loss and are therefore not obliged to pay income tax; if he will consider measures to prevent this even though they are currently legal activities; and if he will make a statement on the matter. [46828/12]

Summary

56. Deputy Maureen O'Sullivan asked the Minister for Finance if he will explain the recent tax figures released regarding a company (details supplied) paying only €35,000 in Irish taxes since 2005 while paying €5.7 million in royalty and licensing fees to its parent company; his response to the fact that companies like these can cut their income tax by paying fees to its parent company making it look like they are at a loss and are therefore not obliged to pay income tax; if he will consider measures to prevent this even though they are currently legal activities; and if he will make a statement on the matter. [46828/12]

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• Tax Avoidance Issues

  xml · EN · 24 October 2012

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