Dáil debates

Thursday, 14 February 2019

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Corporation Tax

10:50 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I accept, as I have before, the principal of the need to do this. The Deputy raised it with me some weeks ago at the committee on Finance, Public Expenditure and Reform and Taoiseach. On the kinds of pressures and challenges that could develop in the coming period, I can see developments which might strengthen our position regarding corporation tax and can see developments that may also challenge that. Things that might benefit our position relating to corporation tax in the future, I can see that the policy stability maintained by my party and that of Deputy McGrath around rate and the ability to determine the debate and our determination to protect that amidst all the other changes now taking place in corporate tax policy in other countries could offer the potential for the progress we have made in corporation tax receipts being sustained into the future. As against that, in recent years we have seen a very strong performance in key corporate sectors in the global economy. Some of those are now experiencing challenges and we can see a shift in the tone of global trade. For all of those reasons, particularly when 2020 will be shortly upon us, I think we should examine the objective to which the Deputy referred and I will be happy to work with him on how best to do this.

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