Oireachtas Joint and Select Committees

Thursday, 8 December 2022

Public Accounts Committee

Vote 9 - Office of the Revenue Commissioners
2021 Report of the Office of the Revenue Commissioners
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 15 - Collection of VAT on e-Commerce
Chapter 16 - Revenue's Suspension of Periodic Reviews of Tax Clearance Certificates
Chapter 17 - Overstatement of Certain Unallocated Tax Deposits

9:30 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I have a final question. This is a policy area, but Revenue officials are concerned about, and talked about being concerned about, sectors not complying with the law. There is a principle around the right to tax profits and gains from Irish land, for example, and from property. It could in many ways be argued the real estate investment trusts, REITs, work against that principle because there are people who take advantage of that. When the officials identify issues such as that or if they have identified something like that, do they advise Government? Have they done so on the likes of the REITs in recent years? There have been adjustments to the 2013 Act over time but it is clear there is a competition going on with housing and these people are not paying the same tax, in some cases, as people are paying domestically. Has Revenue had that engagement and has it identified anything?

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