Oireachtas Joint and Select Committees

Tuesday, 25 June 2019

Committee on Budgetary Oversight

Budget 2020 and Macroeconomic Issues: Discussion

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

We will agree to disagree on that one. What would Mr. McCarthy say about financial transactions taxes and wealth taxes? He pointed to this when referencing the opening up of loopholes. Our committee has started to examine this. Generally, a great deal of discussion focuses on what will be spent in current and capital expenditure but much less attention is given to tax reliefs, credits and allowances. We are starting to examine those and there is major scope in that regard. We should be as forensically focused on those tax reliefs and allowances as we are on budgetary expenditures, on which there is a great deal of focus.

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