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
Mr. Niall Cody:
The Oireachtas would have to provide that the tax be calculated and that there would be a different impact. It would not be on the blind because regarding anything that will happen in that area, one could say it is carried forward and useable and that a certain thing can only be carried forward for a certain period. The impact would then happen. The problem if one was going to have a sunset clause is how to determine the age of the current losses because there has not been a rule to determine that.
No comments