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

The problem is that we do not know. We do not know what revenue is going to do. As legislators, we would be giving them the phrase "reasonable commercial return". I argue that if the Government's position is to just let Revenue at this, then I am happy to accept that. There must, however, be some kind of feedback mechanism to the legislature to they arrived at a range of, say, 10% to 20%, or 4% to 8%.

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