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

Photo of Josepha MadiganJosepha Madigan (Dublin Rathdown, Fine Gael)
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Before calling other members, I wish to put three short questions to the Minister. In London on Monday, the Taoiseach made some comments about the local property tax. Can we expect any measures in that regard in the upcoming budget?

A number of witnesses who appeared before the committee in recent weeks have said that our tax is out of line with international best practice in that we have a narrow tax base and a high marginal tax rate. They have suggested that we should broaden the base and reduce the marginal rate. What is the Minister's approach to that? Does he have any measures to change the existing tax policy?

Charities Institute Ireland sent us correspondence seeking a VAT compensation scheme arising from a working group report in 2015. Has that been reviewed? Will the Department address any such tax issues in the upcoming budget?