Oireachtas Joint and Select Committees
Wednesday, 22 September 2021
Committee on Budgetary Oversight
Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council
Mr. Sebastian Barnes:
It is a complicated issue and that behavioural side is important. Also important is the interaction of several different things, including what happens in the United States. There are many moving parts in this situation. As I said, much of this corporate tax revenue comes from a small number of companies with specific situations. We have not done an analysis. The detailed analysis we have done is top down and based on looking at Ireland as an outlier in several areas and then assuming that revenues will come back to a more normal level in that regard. It is not, however, a detailed analysis of the scenario described by the Deputy. To my knowledge, no such detailed analysis has been published by the Government. It is a hard issue to quantify.