Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Mr. John McCarthy:
Absolutely. Some 500,000 workers - we have 2.5 million workers in the country - and ten firms account for 36% of total tax in the country. To put it another way, the top 25% of earners pay 80% of income tax. It is a very narrow and concentrated base. The Deputy's overall question was on what was being done to address this exposure. There are two points I would make in that regard.