PAC hears some multi-nationals are effectively getting 'tax rebates' rather than paying corporation tax

Eight of the 100 highest earning Irish-based multi-nationals are paying no corporation tax whatsoever, five have a tax bill of less than 1% and others are effectively being paid by the taxman because of serious loopholes in the tax system.

PAC hears some multi-nationals are effectively getting 'tax rebates' rather than paying corporation tax

By Fiachra Ó Cionnaith, Political Correspondent

Eight of the 100 highest earning Irish-based multi-nationals are paying no corporation tax whatsoever, five have a tax bill of less than 1% and others are effectively being paid by the taxman because of serious loopholes in the tax system.

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