Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Photo of Alan FarrellAlan Farrell (Dublin Fingal, Fine Gael)
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I apologise for missing this morning's session. It was unavoidable. I want to mention two issues that have been touched on in the last few minutes while I have been in attendance. Mr. Moran spoke about the capacity of the State to defend its position with regard to our robust tax system, among other things. I want to focus on the digital taxation proposal. I am fairly confident that despite international pressures, we will not have a difficulty with adjusting our corporation tax rate. I figure that we have been through the worst of it. Although that pressure may be sustained, it is highly likely that it is lessening somewhat. Deputy Aylward hit the nail on the head when he said the potential exists for digital taxation and transactional taxation to have an impact on us. Have we done any studies on that? Has the Department or any other State body looked at the potential impacts on our economy?