Oireachtas Joint and Select Committees

Wednesday, 16 May 2018

Committee on Budgetary Oversight

Corporation Tax Regime: Discussion

2:00 pm

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail)
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If the Department of Finance is highlighting this, one would then expect the Department of Public Expenditure and Reform to act on that and not to use those receipts to fund permanent expenditure such as public pay, for example. That is an issue which the committee can look at retrospectively through scrutiny of previous budgets to ensure expenditure is not going to the wrong area.

With Brexit, multinationals could be looking to relocate to Ireland as their European base. That is welcome and we will do all we can to facilitate them. If that happens, it will have an impact on our corporate tax receipts and it might increase the percentage taken in from multinationals rather than indigenous companies. Has Mr. Coffey any advice on that?

Has he any further advice on how the committee can improve its budget scrutiny of corporation tax receipts?