Oireachtas Joint and Select Committees
Tuesday, 22 January 2019
Committee on Budgetary Oversight
Scrutiny of Tax Expenditures: Discussion
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I definitely want to come back in. One issue I asked the PBO officials earlier, which is more general, was about the fact the estimate for tax expenditure was €5 billion. Even under the corporate tax tables produced by Mr. Seamus Coffey - I think they are taken from Revenue - the allowances and deductions for 2015 are multiples of that. In 2015, there was €66 billion of allowances and €30 billion of deductions. That is €96 billion of allowances and deductions, which is a hell of a lot more than €5 billion. Will the witnesses explain that discrepancy because it seems to me there is a lot more than €5 billion worth of stuff to look into?
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