Oireachtas Joint and Select Committees

Tuesday, 17 November 2015

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

Finance Bill 2015: Committee Stage

4:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I think much of what has happened is that people who were experienced in building went back to work as a result of this scheme, such as, for instance, a guy and his brother or his former employee who might be a bricklayer or a carpenter. They would register as a contractor. It would not be movement from the black economy to the legitimate economy. Some of it was movement from unemployment into gainful employment. I can assure members that because these contractors must register with Revenue, the whole 6,000 are in the legitimate economy. I will see if Revenue has any more data on that.

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