Oireachtas Joint and Select Committees
Wednesday, 2 December 2020
Joint Committee on Media, Tourism, Arts, Culture, Sport and the Gaeltacht
Impact of Covid-19 on the Tourism Sector: Discussion
Mr. Paul Kelly:
That will be a matter for our Department to take up with the Department of Finance. I imagine that the financial projections that were done at the time across the whole economy in respect of the stay-and-spend scheme have ended up being quite different from what has come out because of the deteriorating health position. Importantly, because we moved to level 5 restrictions, the stay-and-spend scheme could not be accessed. A tax rebate on money spent on tourism, considering that 23 cent in every euro spent on tourism goes back to the Exchequer, with the Exchequer reinvesting some of that to stimulate demand would pay for itself as an initiative. The principle of the initiative is great-----
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