Oireachtas Joint and Select Committees

Wednesday, 22 June 2016

Committee on Arrangements for Budgetary Scrutiny

Engagement with Irish Fiscal Advisory Council

10:00 am

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

In terms of the information available to us in the context of these debates, is there a major gap in terms of whether the information provided on corporation tax is detailed and up to date? I do not know if I have ever pointed out to Professor McHale that when Deputies ask questions about corporate tax, the most recent figures supplied to us are from 2011. This is extraordinary when one considers, for example, that €2 billion in corporate tax suddenly appeared last October and nobody knows the reason this happened or whether it will happen again. These are large numbers which could have a significant impact on the revenues available to the State. When Deputies seek to get to the bottom of the issue and ask questions about whether this revenue will continue to be generated, the reason for it and how it fits into the pattern of corporate tax receipts over time, the information is either not available to us or we are provided with information from 2011. Does something need to be done to ensure Deputies have access to up-to-date information?

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