Lisa Chambers (Mayo, Fianna Fail)
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I thank the Chairman and Mr. Coffey. He can see that we will be here for a while yet. We have many questions. I thank the witnesses for the work that they have done. The report makes for sober reading and should serve as a wake-up call about getting back on track and managing the economy prudently. I will address the windfall of corporation tax receipts. Given that 45% of corporation tax receipts come from ten companies, one would think that we would have been able to get under the bonnet a little better at this point to understand why we have this substantial windfall and tax returns coming in. They seem to be broadly unexplained. Nobody seems to know why. The Government has at times suggested that it is because of aviation leasing or intellectual property but I think that is questionable.

Does Mr. Coffey have a view on that? Could he outline why we are having these significant windfalls that cannot be anticipated or explained?