Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
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I have a brief question. In the material for the budget, I think the estimate given for the revenue to be raised by this measure is €50 million, which is small in terms of the scale of what is being talked about and the amount of tax avoidance that has been happening through section 110. How is this figure accounted for? Why is there such a gap between what is reported as going through section 110 and what could be raised and what the Department of Finance, presumably, or Revenue estimates could be raised by the measure?