Oireachtas Joint and Select Committees
Wednesday, 26 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion (Resumed)
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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From the point of view of expenditure of public funds, it would be quite useful to know that. I have made the point.
On the tax expenditures, the tax expenditures report acknowledges that it does not cover all tax expenditures. I think it identifies €7.7 billion of tax expenditures as the ones it looked at, the large ones, the significant ones or whatever, but it does not include intra-group transactions. I am curious about that because in the Revenue tables, intra-group transactions are by far and away the biggest, by multiples of all the others. In the latest Revenue tables I think intra-group transactions as a tax expenditure amount to €35 billion. That had jumped from, I think, about €29 billion in just one year. It has gone up by similar amounts each year. That is a huge tax expenditure - it dwarfs all the rest of them - but it is not included in the tax expenditure reports. Why not?