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

Mr. John McCarthy:

If I may add a comment, the term "capital allowances" is essentially an accounting term. The equivalent economic term is "depreciation". Therefore, depreciation is what we are talking about here, whereas the Department of Public Expenditure and Reform's numbers are about actual investment, rather than the depreciation of a capital asset.