Jonathan O'Brien (Cork North Central, Sinn Fein)
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On the macroeconomic risk matrix, the council referred to corporation tax. It gave the example that if one large foreign direct investment, FDI, company were to leave, the Government's revenues would be reduced by approximately €330 million. What advice would the council give to the Government to ensure that, if that did happen, we would not be left with such a massive hole in our revenues? Given that corporation tax receipts have been so volatile over the past 20-odd years, there seems to be a warning there to the Government about over-relying on corporation tax receipts.