Oireachtas Joint and Select Committees
Wednesday, 13 July 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Summer Economic Statement: Irish Fiscal Advisory Council
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I hear what Mr. Barnes said to the effect that lower indexation would lead to more expenditure. The summer economic statement has set out a net taxation package of €1.05 billion. This means that, regardless of the increased taxes, the cut will be €1.1 billion. Obviously, one of the big concerns we have all had for years is the issue of corporation tax. In the context of the council identifying between €6 billion and €9 billion of excess corporation tax, how prudent would it be to have that type of package? I am not making suggestions, one way or the other, I am simply asking the question.
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