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 Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

That is not the same thing. Consistent treatment is not the same as the same answer. Revenue of course will say it is going to apply the same way of thinking to each company but each is in a different situation, one has a low risk asset base and therefore a low interest rate is reasonable, another has a high risk asset base and so a higher interest rate is reasonable. My understanding is that each company will get its own interest rate from Revenue and we will never see those interest rates.

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