Oireachtas Joint and Select Committees

Tuesday, 17 September 2019

Committee on Budgetary Oversight

Pre-Budget Scrutiny: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Not really. It is a strength of our institutions that the only job of the Revenue Commissioners is to collect tax in accordance with the law. Nevertheless, because of the growing concentration of corporation tax receipts within certain companies, and the growing share of that in the scale of our total tax collection, we need a different approach to how we manage the issue in the future. We recently appointed an independent expert, Mr. Seamus Coffey, to produce a report on the matter. He did great work on it and it has been very helpful to me. We need a different level of private engagement with the Revenue Commissioners, and only my Department can do that. They do not raise red flags or make forecasts beyond what we make in the budget book seen by Deputies because they are not charged with doing that.