Oireachtas Joint and Select Committees
Wednesday, 19 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion
Dr. Karina Doorley:
-----without justifying where the money is to come from.
I am going to sound a bit like a broken record here, but this is where we need to go back to the Commission on Taxation and Welfare's recommendation. If we need to increase revenue streams in order to fund something very important like social welfare and income adequacy, where will we start? We know that corporation tax receipts are volatile. Income tax receipts, to some extent, are also very volatile. A lot of the income tax that comes in is from a small number of people on very high incomes. Realistically, therefore, we will probably want to broaden the base. Obviously, tax increases are not palatable to anybody, but that may be where we end up if we are to permanently bring social welfare recipients into line with the rest of the population next year.