Oireachtas Joint and Select Committees
Wednesday, 22 June 2022
Committee on Budgetary Oversight
Tax Expenditures Review: Discussion
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Okay, but it is primarily going to those big multinational companies. The bulk of the value of this thing is going to big, very wealthy, very profitable multinational corporations and the threat is if we do not give them this tax break they will do that research and development elsewhere. The contrast I always draw is if we put €700 million into our public universities for research and development or into Science Foundation Ireland, SFI, what might we get in the form of more targeted research and development that was actually beneficial to society as against beneficial to already spectacularly wealthy corporations.
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