Oireachtas Joint and Select Committees
Wednesday, 20 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Proposed Changes to Pay and File Tax Date: Discussion with Irish Tax Institute
3:50 pm
Arthur Spring (Kerry North-West Limerick, Labour)
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Historically, forecasting is not something we have got right in this country. Over the last three years, however, the Department of Finance's projection of the likely tax take has been very accurate by comparison with how it ended up. Over the past four or five years, there was one major year when the projection was inaccurate. In 2008, the projected return was something like €3 billion but it ended up being approximately €1 billion-----