Oireachtas Joint and Select Committees

Wednesday, 6 December 2017

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Mr. Michael Tutty:

Yes, it is certainly a concern but the amounts are not huge. Given the volatility in overall tax revenue in any event, I presume that irrespective of what the shortfall might be, it will not make a major dent in the figures. However, it would certainly be better to have a good estimate of the tax revenue from a measure such as this than to have one that seems to be based on a rule of thumb about continuing what is there. We assume the Department is examining the loopholes reported in the media and so forth and taking action on them. I have not been keeping in touch with what is happening in the Finance Bill.