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
10:00 am
Mr. John McCarthy:
There is a trade-off in terms of the burden on the multinational sector in terms of reporting to the IDA and so forth and having the real-time data. In most circumstances, it is appropriate that the survey is undertaken on a yearly basis. This year on the corporation tax side, this gap between what we expected and where the outturn is likely to be is pretty much a one-off.