Oireachtas Joint and Select Committees

Thursday, 8 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups

2:20 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael) | Oireachtas source

The figures on foot of a reply to a parliamentary question from the Department of Finance indicate that if the rate was increased by 2.5% - I suggest holding that for seven years - it would raise €670 million. I do not believe any of the top executives of any of the companies here or thinking about coming here would blink at that. That is an issue we must examine because the sacred cow has been-----

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