Oireachtas Joint and Select Committees
Wednesday, 19 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion
Dr. Se?n Healy:
I will not go into the report now.
There is one other possibility that should produce additional income, and that is if the base erosion and profit shifting, BEPS, process the OECD has been running comes to a successful conclusion. I know there are hurdles still to be crossed and so on, but if we were to get a minimum effective corporate tax rate into place, over time that should guarantee us a certain solidity. It would not provide all the additional taxation we are talking about or the windfall we have been getting in recent years, but it would give us more than the core level of corporate tax revenue. That makes a contribution to dealing with the bills. More than most, I think we could claim that for years we have not just been arguing that the Government should spend X, Y or Z in any year. In our budget choices document we published earlier in the year we also specify how the money can be raised. We go through a lot of trouble and effort to spell out what the costing are and so on, getting things-----