Oireachtas Joint and Select Committees
Tuesday, 23 March 2021
Committee on Budgetary Oversight
Pre-Stability Programme Update: Discussion
Neasa Hourigan (Dublin Central, Green Party) | Oireachtas source
As Dr. Cassidy describes them, I would obviously be very supportive of the constraints and the principles on the basis of which grants would be offered. The building back better aspect and the green recovery in particular are really positive principles. There is, however, a very specific profile to those grants. We heard this week that because of Ireland's GDP and our measurement of the economy in that way, we are going to receive fewer of those grants than we might otherwise be able to draw down. During this session Dr. Cassidy outlined the three points relating to corporation tax - they are very good points - namely, that Ireland should remain a good place to do business, that we should have a successful indigenous sector and that we should not rely too much on corporation tax. It seems, however, that while Ireland is losing out on those grants, the argument is that we are getting it back in corporation tax. There is a qualitative difference between receiving corporation tax and being part of that recovery fund and those grants. The first point about Ireland remaining a good place to do business is now working against the second, namely, to foster a successful indigenous sector. Is that fair to say?
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