Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Public Accounts Committee

2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014

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10:00 am

Mr. John McCarthy:

They are apples and oranges. It is not the same. As my Secretary General said, the problem with the construction sector was that it went from 2% to 15% and back to 2%, whereas corporation tax tends to fluctuate between 10% and 15%.

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