Oireachtas Joint and Select Committees

Tuesday, 20 September 2016

Committee on Budgetary Oversight

Revenue Raising Proposals: Minister for Finance and Revenue Commissioners

9:30 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

It is possible to increase taxes in any budget, which has the effect of increasing the fiscal space. Spending the yield from the increased taxes is always an option. However, the decision is whether that is economically prudent or good management of the economy. I happen to think that there is no problem in coming up with new taxes, but we have enough of them. The tax burden is a fairly heavy burden on the shoulders of those in question.

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