Oireachtas Joint and Select Committees

Wednesday, 22 June 2022

Committee on Budgetary Oversight

Tax Expenditures Review: Discussion

Photo of Richard Boyd BarrettRichard 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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