Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Mr. Neil McDonnell:
Yes. The figures from the Department last week suggest that nearly €86 million has been taken in supports to date. Compare this with the tax figures coming from the sector, which is €5 billion in PAYE, €1 billion in USC, €4 billion in PRSI, and €5.7 billion in VAT. We can see that what has gone into the sector as assistance is a drop in the ocean when compared with what comes from the sector in tax revenue.
No comments