Just nine large companies are disputing an “enormous” €2.5 billion in tax payments demanded by the Revenue Commissioners, The Irish Times has learned. The TAC is called upon in cases where taxpayers – in this instance, large companies – disagree with demands for tax paid by Revenue. Three cases are for sums of corporation tax greater than €100 million, according to figures supplied by TAC to the Public Accounts Committee (PAC). A further three are for sums between €50 million and €100 million, and another three relate to figures between €30 million and €50 million. “Previously the Minister has indicated that tax appeals outstanding overall amount to circa €10 billion.

Source: The Irish Times May 18, 2019 06:00 UTC