Oireachtas Joint and Select Committees

Tuesday, 22 January 2019

Committee on Budgetary Oversight

Scrutiny of Tax Expenditures: Discussion

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein)
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I am glad the Chairman made that point because, obviously, if we give a tax expenditure to a certain cohort of people, everyone pays for it. This brings me to the 2016 report by Revenue's statistics and economic research branch. I refer to the analysis in 2016 of high-income individuals' restriction, in which it is explained that measures were introduced to cut back on some of the reliefs and exemptions previously enjoyed by people earning in excess of €250,000. The expenditure measures in 2016 cost €150 million for 1% of the population. Are these the most up-to-date data we have or do we have any further data? I would be interested to know what the figure was for last year, for example.