Oireachtas Joint and Select Committees

Wednesday, 15 May 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Revenue Commissioners: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This has been going on for a couple of years. I have been raising it with the Minister. I am glad he has finally asked for a formal review. The Revenue Commissioners looks at this all the time. We are not talking about small companies. Earlier, we were talking about SMEs which have tax warehoused. Some warehoused tax is just a couple of hundred euro. We are not talking about that - we are talking about billions. The growth since 2018 has been on the scale of more €20 billion of assets. Their operating profits have increased dramatically, yet the tax they pay has reduced. Something does not add up. Does Revenue have any indication as to how this is happening?

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