Oireachtas Joint and Select Committees
Tuesday, 17 November 2015
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2015: Committee Stage
4:00 pm
Michael Noonan (Limerick City, Fine Gael)
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I think much of what has happened is that people who were experienced in building went back to work as a result of this scheme, such as, for instance, a guy and his brother or his former employee who might be a bricklayer or a carpenter. They would register as a contractor. It would not be movement from the black economy to the legitimate economy. Some of it was movement from unemployment into gainful employment. I can assure members that because these contractors must register with Revenue, the whole 6,000 are in the legitimate economy. I will see if Revenue has any more data on that.