Oireachtas Joint and Select Committees
Tuesday, 6 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Scrutiny of EU Legislative Proposals
2:00 pm
Gerry Horkan (Fianna Fail)
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Mr. Hession and Deputy Michael McGrath stated the base we have is relatively wide by international or EU standards. It is almost a mathematical equation in that if the base is narrowed and the rate is not changed – we do not want to change the rate – we will effectively be collecting less, even if the other rules were left before going near the sales location, or the location of assets or the payroll. If one narrows the base at 12.5%, one will be taxing less than one was taxing before. Is that a fair point?