Oireachtas Joint and Select Committees

Thursday, 15 July 2021

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance and Minister for Public Expenditure and Reform

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

With regard to the Deputy's point about gross profits, companies pay tax on what they earn after expenses are deducted. To use the issue of gross taxes, the Deputy knows well is wrong. You pay tax on your total level of profitability minus your expenses and you then pay tax on that, as the Deputy well knows. The information I am referring to-----

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