Oireachtas Joint and Select Committees
Wednesday, 22 June 2022
Committee on Budgetary Oversight
Tax Expenditures Review: Discussion
Ms Deirdre Donaghy:
It will be seen that there are sunset clauses in the more recent ones. The lessons learned in this regard came from the early 2000s, in the context of the property incentives. They were good and rational policy incentives to begin with and if they had ended five years before they did, we would all have been a lot better off. Therefore, the lesson learned from that experience, and that came out of that period, was that if we were to bring in something new, that it should have a sunset clause. That would ensure that a review was triggered to make us look at the measure. It would also ensure that we were not in a position where such measures could just passively keep going. If a policy decision were made to continue the measure, that would require a legislative amendment. It will be seen that there are sunset clauses in the measures that have come in since then, from about 2012 to 2015 onwards. Almost everything that has come in since then has a sunset clause.
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