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Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: We are not talking about nuclear options. We are not talking about having no industry rather we are talking about sensible development. If we look at Galway city where the councillors, who were often criticised in the past and rightly so, did their job, we can see that the land was zoned industrial on both sides of the city. There is a great shortage of industrial development on the west...

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: I do not need a list.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Galway west is an option. Is it something IDA Ireland is actively looking at?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: I have other questions to ask but I wish to comment on that. We need development. I am the first to promote development and a thriving economy in Galway but we need sensible balanced development. When industry is located in one area, it creates huge problems relating to traffic and housing and Mr. Shanahan knows that. Mr. Shanahan has given me a general answer. I will be following it up...

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Absolutely. The Comptroller and Auditor General's role is simply to give us the report, and I accept that. To say that there is an effective tax rate higher than that given by the Comptroller and Auditor General, however, is not acceptable.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Let us go back to the notion that tax is not important when one is out looking to secure jobs. The witness is saying that talent rather than tax is the issue that comes up in this regard. Is that right?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Is the rate of taxation one of the major aspects?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Is it equally as important as talent?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Great. The companies that the IDA is attracting would be open, then, to paying a higher tax rate in due course if necessary. It would not be a disincentive to come in here.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: I am asking the witness now.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Will Mr. Shanahan clarify the issue surrounding money given to Sligo County Council for a road? It amounted to more than €2 million, I think.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Does the IDA own that?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Is the road a public road?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Did Sligo County Council approach the IDA on this matter?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Was there a business case? Was the valuation set out for why this money was needed?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: There is a document somewhere, then, setting out the exact value.

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Has all of the money been paid over? Is the road complete?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: What has not been paid over?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Were there similar payments to other local authorities?

Public Accounts Committee: IDA - Financial Statement 2016 (5 Oct 2017)

Catherine Connolly: Am I in trouble for time?

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