Oireachtas Joint and Select Committees
Thursday, 19 September 2019
Public Accounts Committee
Business of Committee
9:00 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
It is indeed. I understand the Revenue will not and should not give us information on individual entities. It would be useful to see if any trends can be identified. Most of those who do not pay the full 12.5% corporation tax do so because they can write items off. The pharmaceutical sector is a big one. We lose on the double because we pay high prices for our medicines and, at the same time, we have a very generous tax system. It would be useful to see if we could identify trends at the end of a year in respect of certain sectors. If there is a reduction in the amount demanded, what was the family of things, so to speak, that it falls within? There will be unusual ones but it would be interesting if trends are emerging because that is where budgets can pick that up.
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