Oireachtas Joint and Select Committees
Wednesday, 5 March 2014
Joint Oireachtas Committee on Education and Social Protection
Pensions Reform: Discussion
2:10 pm
Mr. Aidan McLoughlin:
Correct. It is foregone because of the income they are on. I do not think anybody is arguing that one should tax those individuals but it is wrong to think of €2.9 billion floating around, which is the point I am making. The reason it is not claimed is because people are not in the tax net as we have chosen as a State to say certain people should not be in the tax net.