Oireachtas Joint and Select Committees

Tuesday, 13 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of EU Legislative Proposals (Resumed).

2:35 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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The issue of the 25% non-trading rate and the 33% rate is very important. It is nice to hear the witnesses from the Irish Tax Institute argue for the retention of the higher bands for once. If I understood Mr. Coffey correctly, the combined effect of abolishing those two rates would mean €425 million less to the Exchequer. Is that correct?