Oireachtas Joint and Select Committees
Wednesday, 26 October 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Concrete Block Levy: Discussion
Mr. Timmy Hennessy:
We looked at turnover. That was our focus on that. A levy on profits could be unreliable, and it was in the context of the decision that we needed to raise €80 million. Profits can obviously go up and down from year to year but there will always be a level of turnover. Thus when developing options the focus was more on a levy on turnover.
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