Oireachtas Joint and Select Committees
Wednesday, 14 June 2017
Committee on Budgetary Oversight
Corporation Tax Receipts: Department of Finance and Revenue Commissioners
3:00 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I appreciate that Mr. McCarthy has to deal with what is there and a new Minister for Finance will be appointed later today. We will see what his or her position will be on these matters. I have my own position on the rainy day fund. I thought it was never going to fly. The debt to GDP ratio is a debate that, in my view, is more about headlines. I do not think we will reach the 60% figure that is part of the EU rules until 2022 at the earliest. It is unlikely that any Taoiseach or Minister for Finance would be in a position during that time to decide whether the figure should be 55%, 45% or whatever. If two of the three policy positions were to go, would we still follow a prudent fiscal approach given the level of concentration of corporation tax receipts?
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