Oireachtas Joint and Select Committees
Tuesday, 13 September 2016
Committee on Budgetary Oversight
Pre-Budget Statement: Irish Fiscal Advisory Council
1:05 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
This is very important and I accept what the witnesses say about disentangling the double Irish from trade charges. The jump from 2007 onwards, however, is spectacular. The deductions were allowed go from €6 billion to €19 billion and then to €21 billion. Can Mr. Coffey confirm that these were deductions that were allowed in advance? Mr. Coffey's paper refers to advance tax rulings and said the companies allowed a certain amount for the year. It then goes on to state that the companies used most of it, a fact which, presumably, is established later. We would therefore have a figure for what was allowed for 2015 and 2016, albeit that some of the figures will be provisional. Those figures should be furnished to us.
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