Oireachtas Joint and Select Committees
Tuesday, 8 October 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecasting: Discussion with Department of Finance
8:00 pm
Liam Twomey (Wexford, Fine Gael)
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Most of the points I wanted to raise have already been dealt with. With regard to productivity and how this is related to the patent cliff, is this not really a change in productivity? Is it linked to the way some of these companies, which have manufacturing plants in this country, also have external income that is put down to other companies related to the companies in this country? We are dealing with this issue in respect of global taxation. Is there some connection or am I incorrect in my assumption? Can the witnesses explain the decrease in productivity that does not seem to be real?