Oireachtas Joint and Select Committees
Thursday, 30 November 2017
Public Accounts Committee
Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts
9:00 am
Alan Farrell (Dublin Fingal, Fine Gael)
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Mr. Hogan has mentioned that the Commission was quite indifferent to certain elements of the process. It simply wants the transfer. Again, I am characterising the situation. Has Mr. Hogan discussed the proceeds in any way? For instance, if one puts €13 billion into a current account, one will receive considerable interest. If one puts it into an investment account, one will get a vast sum in return. Has Mr. Hogan discussed where the money will go? Has there been any discussion on who would bear the cost of managing the account? Would it be paid out of the investment proceeds? Has Mr. Hogan got into to that level of detail?