Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The link no longer exists. A decision has been made that breaks that link. The policy decision in so far as DIRT is concerned is clear. The two remaining taxes that were traditionally linked will need to be considered next year in the context of preparation of the tax strategy group papers. From a pragmatic point of view we cannot afford to retain the linkage because the cost to the Exchequer would be too high. The link is broken in respect of this year but it would be important that the tax strategy group would review this decision in the context of the preparation of next year's papers. I do foresee any reason the Minister would not agree to that.

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