Oireachtas Joint and Select Committees

Wednesday, 7 September 2016

Committee on Budgetary Oversight

Economic and Fiscal Position: Economic and Social Research Institute

2:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent)
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I thank Professor Barrett and Mr. McQuinn for their paper. Obviously, we have a job given to us by the Oireachtas, namely, to formulate the parameters of budget 2017. In respect of tax expenditures, do the witnesses have a figure for the likely tax expenditure, up to and including the last Finance Bill, off which we would operate for budget 2017? Has the ESRI carried out much research into that? We have been thinking about this a lot today because we all either have spoken or will speak about the Apple judgement. I have been a member of a few Committees of Public Accounts. At the time, although we would have invigilated revenue very strenuously at times, there was a feeling that we did not have the information. Did the ESRI have the information in respect of tax expenditures? Did anyone have it? Has the ESRI figures relating to it? In respect of some of the discussion we have heard so far with people who have come in to brief us, we are dependent on being able to come up with new revenue ideas. What kind of possible tranche is there in terms of tax expenditure?