Oireachtas Joint and Select Committees

Thursday, 9 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

That is different from an analysis. Was an analysis carried out? In the presentation we received, which I understand was circulated to members, growth was shown to be particularly significant at the lower end of the market. We received the presentation because of competition in the marketplace and growth at the lower levels. Those experiencing a loss in the purchase of their products are complaining. Behind that story one can see the relevance of the minimum excise duty question. It is not being touched. As I said, the tax strategy group said it should be. It also means that the full 50 cent excise duty increase on a packet of 20 cigarettes is not fully evident in a sector where there is significant growth.

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