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
I find that problematic, although I do not know whether Revenue is bound by certain rules here. This DAC thing drives me around the twist. How is anybody supposed to know? We will get on to the Equity issue next week, and our guests will have read the submission. One phrase that strikes me - people do not use phrases for nothing - refers to depressed income strategies and internal pricing. I know exactly what that means and I think our guests all know what it is alluding to. That kind of stuff needs to be scrutinised and, as policymakers and legislators, we need to know whether these mechanisms that have been set up to stimulate the industry are being abused. We need to know the detail. I am curious about the DAC in all this business. Do we ever see the DAC's accounts? Can I see them? All the accounting is done within the DAC even though it is the producer company that gets the relief. It does not give us transparency, does it?
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