Oireachtas Joint and Select Committees

Tuesday, 13 September 2016

Committee on Budgetary Oversight

Pre-Budget Statement: Irish Fiscal Advisory Council

1:05 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

What is the council saying then? This is the problem with some of these documents. I can read into this that the council is saying it is not prudent to abolish the universal social charge, USC, or start the process because it has made the point about surplus corporation taxes in the hands of a small number of corporations. Someone else or other parties who want to abolish or partially abolish the USC will take a completely different reading because the language is couched in a way that does not want to interfere with the political debate as to what should happen. If the Government was to use all its fiscal space to cut taxes, would the fiscal advisory council still say it was nothing to do with it? Is there a point where it will give us more indication as to what it believes is prudent? There is a language there that is coded and satisfies everyone in the room.

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