Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Mr. John McCarthy:

I will make one additional point. Income tax is a broad church. We have labour related income taxes - PAYE, USC and so forth - but we also have taxes on income that are not generated from employment, including DIRT, life assurance exit tax, dividend withholding tax and so forth. I cannot remember the details exactly because I tend to focus more on what is going on now, but in 2017 the shortfall on income tax was more related to those taxes rather than the labour taxes.

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