Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Cuirim fáilte roimh na finnéithe go dtí an coiste. An chéad cheist relates to a submission we have received from the ESRI. I will quote it first and then ask for the bank's view. It states:

[I]t is difficult not to mention proposed cuts in the Universal Social Charge in the context of discussing the need to maintain the breadth and stability of the tax base. The USC has many desirable features as a source of revenue – progressivity, transparency and stability to mention three. For this reason, we are unconvinced that moves to abolish the USC are wise.

It goes on to state: "[The] point has come into sharper focus because of the potential vulnerabilities associated with Brexit and the Apple tax decision." What is the bank's view on the position of Government in terms of abolishing or substantially cutting the USC from the tax base?