Oireachtas Joint and Select Committees

Wednesday, 3 July 2019

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The figures the Deputy is referring to are produced by the Central Statistics Office rather than the Department. We will have a look to see if we can identify what the Deputy is referring to and give him a more up-to-date version of it. To the best of my knowledge, over the past two years, the Department of Finance has not published sectoral attributions of profits and I think it is more likely that has come from CSO.

The share that wages, income and profits have within national income is a matter of concern to me. The Deputy may have been present at the national economic dialogue when Dr. Michael O'Sullivan gave a presentation on this and talked about the effects of it on politics in other countries. In terms of how we look respond to this, it is by having a progressive income tax system and by playing our part in the work that is now under way in regard to international tax co-operation to ensure that global companies, in particular, are taxed fairly and effectively.

Comments

No comments

Log in or join to post a public comment.