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

Mr. Niall Cody:

I would be very concerned about any sector in which there are job losses. That is the first concern I would have and also that it would be handled properly. Obviously, in a way, the pandemic gave a booster charge to a whole load of sectors. That is reflected in corporation tax and employment and growth in the tech sector over the period of the pandemic. The sector is probably at a level now that it would not have been if the pandemic had not happened. Many of the companies said they probably over-hired and there was an element of over-exuberance. The key for us is that our multinational sector is actually quite diverse. Within the tech sector, it is diverse. There are different types of companies and many of them are very strong. There is a big growth in Irish industry. Our figures are still very strong.

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