Tuesday, 10 October 2017
Financial Resolution No. 3: Intangible Assets
Again, I will put the same question I put about stamp duty. There is €150 million allocated against this measure for next year. Is there absolute certainty with the forecasting model used by the Department that this amount will be raised?
The Coffey report was a welcome addition to our debate on corporation taxation. It is again important that on budget day we reiterate our commitment to maintaining that taxation rate in view of the various attacks being made on it. During the budgetary oversight process, Seamus Coffey, in his role as chairman of the Irish Fiscal Advisory Council, pointed out that potential changes to the common consolidated corporate tax base, CCCTB, are a bigger threat to our economy than even Brexit. It is important the backbone of the Government in standing up for our corporate tax rate is stiffened in the context of that assessment, as well as proposals made by the French President, Emmanuel Macron, and other European leaders around our corporate tax base.
Can the Minister stand over the projected €150 million figure? What are the Government's views of Seamus Coffey's remarks about the potential threat to our economy from changes to CCCTB?