Oireachtas Joint and Select Committees
Wednesday, 8 May 2019
Committee on Budgetary Oversight
Cost of Doing Business in Ireland: National Competitiveness Council
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
As a follow-on from that, would Professor Clinch say that too many of the tax credits, tax reliefs and supports are essentially benefiting that 10% of firms and that we need to radically and dramatically shift supports and expenditures into areas that will boost the domestic economy and reduce those costs, unlock those bottlenecks and so on rather than continuing to direct an awful lot of it towards those 10%? If research and development tax relief is taken as an example, the vast bulk of that is going to a tiny number of firms as against any real benefit to the domestic sector. Would Professor Clinch agree with that? How radical is the shift that we need on that?
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