Oireachtas Joint and Select Committees
Thursday, 15 November 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
9:00 am
Catherine Connolly (Galway West, Independent) | Oireachtas source
We gave this a lot of time and we have done a report under the guidance of the Chairman. I understand Mr. Cody's position; there is not a legislative basis and it does not have to be done but would common sense not indicate it should be looked at to tease out the information so we have maximum information? Rather than putting everything under losses, it could be split up into what the losses are and what is unused under the capital allowances. When we have that information, we would get a better idea. It also leads to a better ability to predict what might be lost or what tax is due or lost.
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