Oireachtas Joint and Select Committees

Tuesday, 6 September 2016

Committee on Budgetary Oversight

Analysis of Economic Forecasts: Central Bank of Ireland

1:00 pm

Mr. Terry Quinn:

No. If the Deputy considers when the public finances went into serious reverse during the crisis, one of the tax heads most adversely affected was corporation tax. It is one of the more volatile tax heads. When a tax head is growing quite strongly but has a history of being somewhat volatile, one must be a little bit more cautious in relying on that particular source of revenue. It does not mean anything beyond that.

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