Oireachtas Joint and Select Committees
Wednesday, 6 March 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2013: Committee Stage
10:20 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
There is no intention to diminish what the Deputy is saying. However, when I use these terms, I am saying there is not any unidentified source that will yield more tax if the Government had enough courage to tax that particular piece. There is no hidden source of tax. If only we had the courage or the imagination to tax it, then it would be fine. My criticism of the Deputy's amendments is not of their trend but of the proposal that would cost €2.4 billion in tax forgone. No suggestion, apart from generalities, is made as to how the Exchequer would recover the €2.4 billion forgone.
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