Oireachtas Joint and Select Committees
Tuesday, 1 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Minister for Finance
5:15 pm
Peadar Tóibín (Meath West, Sinn Fein)
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Does the Minister still think that? There was heavy criticism of Fianna Fáil when it was in power because it narrowed the tax take and the ability to take taxes, but also spent billions of euro and built that into the spend of the State, on the basis of funds that did not show a consistent trend over the years. For example, much of the spend was based on stamp duty from the property market, etc. Some of the criticisms of the current Government are based on the narrowing of the tax base with regard to the USC etc. and the heavy spending the Government has focused on, which is based on, for example, the ahead of profile corporation tax receipts etc.