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

They are, certainly, but my point is that they jumped extraordinarily. The scale of the jump is so vast. If I was in the Revenue Commissioners, I would be looking at whether this is an abuse of the allowances in place. If an allowance goes from €6 billion to €19 billion in a couple of years and then goes up to €21 billion, I would be asking whether the allowance is being abused on a massive scale. If it is, the potential loss of revenue to the State is simply staggering.

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