Oireachtas Joint and Select Committees
Wednesday, 14 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals.
5:05 pm
Peter Mathews (Dublin South, Fine Gael) | Oireachtas source
With respect, through the Chair, I have commented to that point. One could have certainty at a rate of 15% for the next seven years. Incidentally, that would be on the back of a reduction in the costs of production and distribution experienced by these companies over the past three or four years that outweigh by a multiple of two to three times the slight increase in the corporation profit tax that would be involved. They have had serious reductions of between 15% and 20% in the input costs of their operations. That has been beautiful but is not set in cement, whereas corporation tax would be.
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