Oireachtas Joint and Select Committees

Thursday, 30 November 2017

Public Accounts Committee

Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Some of what we do ourselves in terms of capital allowances, however, may well influence behaviour. I note page 293 of the Comptroller and Auditor General's Report which says "The cost of capital allowances increased from €2.4 billion in 2014 to €5.8 billion in 2015, an increase of almost 150%". That paragraph, 20.18, shows that the amount of tax liability that can be written off is impacted by the policy positions which have been taken. Was that reviewed in the context of the surge in GDP?

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