Oireachtas Joint and Select Committees
Wednesday, 27 September 2017
Committee on Budgetary Oversight
Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance
2:00 pm
Joan Burton (Dublin West, Labour)
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I do not believe that as a society we can stand over corporations which are approaching or have exceeded €1 billion in recovered profits and which have in the notes to their balance sheets tens of billions of euros in terms of potential tax write-downs, meaning that for a considerable period of time they will pay no tax at all. That is beyond the comprehension of most ordinary citizens and probably everybody here who pay quite a lot of income tax through PAYE.
That is not sustainable.