Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I said there should be an interim measure. When we have the information, there is a need for an assessment of the effectiveness. The Department does not produce a report after a year or 15 months, when the information is there, to confirm that it is robust or otherwise. There is a need for something like it in respect of the funds industry. While I have not looked back to the debate that took place in 1977, I presume finance committees have paid little attention to changes that affect some of these sections. They are very complicated, detailed and difficult to understand unless one devotes a substantial amount of time to them. Regarding the new budgetary committee, there should be a role for the Department in bringing forward an interim report when we have more detail on the effectiveness of tax changes that were introduced, particularly substantial ones which could bring in an estimated €50 million or, hopefully, much more.