Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Public Accounts Committee

2018 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 17 - Tax compliance interventions
Chapter 18 - Tax relief on film production

9:00 am

Mr. Niall Cody:

As the Minister said, there will always be a concern around any sector dependent on a small number of large payers. There will also be concern around the idea of international tax, given that that debate has been of significance for the past five years, and many developments are taking place internationally. There is no doubt that over the past couple of years, some of the changes in international tax have been to the benefit of Ireland's corporation tax receipts. The Minister stated he will be careful and cautious. There is a great deal of interest in the matter. Certainly, the figures so far this year suggest we will be ahead of target again. As a country, we have to be careful about it.