Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

There is some misinformation on RCT, which is not a tax on income. It is a preliminary collecting tax for all other tax heads, such as VAT and income tax. By its very nature we cannot judge how much it takes in a year. There will be offsets from year to year because it must go to another position in the tax system. It is not a tax on income. It can misrepresent the facts when minus figures are quoted because from tax year to year there can be overlaps.

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