Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Coffey and his team and I commend them on a very comprehensive report, which comprises a large amount of data and analysis that will take some time to go through. My compliments to the team for all their work on it.

In the short time available to me, I would like to cover three areas. In regard to corporation tax, the council's conclusion is that between €3 billion and €6 billion of the €10.4 billion of receipts collected in 2018 could be considered excess or outside of the normal economic cycle and the underlying performance of the economy. Is the council of the view that we cannot rely on that revenue reoccurring on an annual basis?