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
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
I thank Mr. Barnes for that. The big question floating around relates to corporation taxes and how best to use them. Mr. Barnes mentioned the rainy day fund, paying down national debt and, potentially, reviving the National Pensions Reserve Fund. Are large capital projects not a good use of corporation taxes, given that they are typically once off, and they have a big return in the long term to the State? The funding is not going into the running of the State. I would add that the building of houses into those capital projects could be a good use of corporation tax.
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