Oireachtas Joint and Select Committees
Wednesday, 20 September 2017
Committee on Budgetary Oversight
Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland
9:00 am
Josepha Madigan (Dublin Rathdown, Fine Gael)
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I thank Mr. Talbot for his opening statement. I have two quick questions.
A representative from the Irish Congress of Trade Unions, ICTU, was here earlier. Mr. Talbot is advocating retention of the 9% VAT rate but ICTU is saying it is a loss to Revenue. How does Mr. Talbot counter that argument?
Representatives of the Irish Tax Institute were also here. I think Mr. Talbot heard some of their evidence here today. Its representatives talked about a lack of diversification as one of the main struggles facing the SME sector and small businesses in terms of Brexit. The impression I got is it is their main underlining worry. Does Mr. Talbot agree with that?