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 Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

To follow up on a point made by Deputy Boyd Barrett and others, were the revisions of 2015 not known unknowns? We all knew this was happening, to some extent. We knew that strange things were happening in the multinational sector. We have known about transfer pricing, for example, for approximately 30 years. This affects how we evaluate the last few years. Are there other issues of which we are aware but for which we do not have the statistics that could affect us in the future? How is that the IFAC and other bodies like the ESRI were not able to give us some figures on this before now?

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