Oireachtas Joint and Select Committees
Wednesday, 4 December 2019
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
I am joking. I want to drill down into corporation tax. We keep saying it is unreliable. Do the witnesses say that because of the proposed changes in tax law that may be made internationally or because these businesses only have a certain life cycle? If it is the latter, why do we not squeeze the absolute pips out of them in the meantime if they are going to leave anyway? We see Intel is making further investment.
In terms of the associated housing bodies, I would say some of that money relates to the purchase of homes. That is what we would see with respect to the €700 million that was mentioned.
My final question, which was not answered in the first round of questions, relates to the OECD paper. Aside from raising taxes as an alternative to corporation tax, is there a policy shift that we can be making to offset our over-reliance on these taxes as the OECD recommends in terms of a digital economy and climate action economy? Perhaps this does not come within the council's remit. I may have to leave half-way through the answer but it is not out of disrespect as I have to watch the clock.