Oireachtas Joint and Select Committees
Thursday, 20 February 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 23 - Revenue Collection
Chapter 24 - Management of Revenue Debt
Chapter 25 - Taxpayer Compliance
Chapter 26 - Corporation Tax Losses
Chapter 27 - Tax Audit Settlements
11:00 am
Paul Connaughton (Galway East, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Debt is paid and more debt is added.
With regard to corporation tax losses, the report mentions a large proportion of the €205 billion losses in capital allowances in 2011 were offset. Will Ms Feehily explain how this system works? From where did this €205 billion come? I ask Ms Feehily to correct me if I am wrong, but I imagine it comes from the banking sector.