Oireachtas Joint and Select Committees
Tuesday, 17 September 2013
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Retention of 9% VAT Rate: Discussion with Restaurants Association of Ireland
3:35 pm
Mr. Adrian Cummins:
I will deal with the cost element. The jobs stimulus package was for tourism. However, newspapers, hairdressers, cinemas and entertainment venues also benefited from the reduction to 9%. The tourism element of the overall amount of €350 million is €90 million. In media bulletins earlier today the Minister for Social Protection indicated that 7,000 jobs equates to savings of between €90 million and €93 million. We rounded up that figure. The 9,000 new jobs we created in the tourism industry are worth €123 million in cost-----
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