Oireachtas Joint and Select Committees

Wednesday, 27 November 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance (No. 2) Bill 2013: Committee Stage (Resumed)

1:40 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The Minister of State is saying the gap between the €70 billion and the €40 billion is explained by reference to the three outlined categories and that the write-offs are fully legitimate because they pertain to capital allowances or royalties, for example, and are in accordance with international standards. I do not understand how our implicit figure is so low compared with the implicit figures for all the other countries if we are all using the same standards and if every state is, roughly speaking, applying the same rules.

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