Oireachtas Joint and Select Committees

Thursday, 13 April 2017

Committee on Budgetary Oversight

Stability Programme Update: Minister for Finance

2:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Pre-tax corporate profits are about €95 billion. That is from the last figures that I saw but maybe that could be corrected. We are getting about €6 billion back in revenue, which is roughly 6% on pre-tax profits. Figures from earlier years show the gross pre-tax profits from before deductions and allowances were about €70 billion.

That is an extraordinary jump in profits, while we are getting very little back.

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