Oireachtas Joint and Select Committees
Wednesday, 22 November 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion
Mr. Oliver Gilvarry:
Yes. The aim is that we set clarity regarding the contribution. This comes from the report by the Department earlier this year and from looking at the excess corporation tax and the volatility in that regard. We did an analysis and we feel 0.8% is an appropriate level and that we have certainty on what that will build up over time and that we get returns on returns.