Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

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

Engagement with the Central Bank of Ireland

1:30 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Okay. I would like to ask about the exposures of the Irish economy at the moment. I understand that if we stripped out corporation taxes, there would be a budget deficit this year to the tune of €5 billion, which is a significant exposure. One of the people involved in the election that will take place in the United States in a couple of weeks has stated that he wants to introduce a 15% corporation tax to be applied to those who onshore labour there. Has there been an analysis on the threats that exist to the budget around that exposure?

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