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Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: We will see how matters proceed then on that basis.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Are we talking about the-----

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Briefly because we are doing a session on that area as well.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Before I call Deputy Boyd Barrett, I want to pick up on one point. When was the work carried out on the film tax relief?

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: It would have fed directly into the thinking behind that extension.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: It is somewhat surprising that the PBO outlined in a statement that it was extended for four years with no real analysis or costing provided for the extension. Effectively, that is the costing as to what the project did and from what Ms Donaghy has outlined, and the additional figures she gave Deputy Harty, it was a detailed analysis.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: I thank Ms Donaghy for clarifying that for us. It is very useful.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Can we allow for an answer to all of that?

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: We are not getting into-----

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: I am conscious of the need to allow the Department to reply unless the Deputy wants to use up all his time on the film industry relief alone.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: The Deputy has 30 seconds left. I want to allow other Deputies in. The Deputy may come back in. There is no problem with that.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: I suggest, since the Deputy has reached the end of his first round of questions, we pass it over and when we come back for a second round, Ms Donaghy can give her answer at that point. He can get a more comprehensive answer in one go.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: It would facilitate the Deputy. We will pause there. Deputy Breathnach is next.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: I want to put a supplementary question to that. Surely that figure must be as it stands with the Department every single time?

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: May I just ask-----

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Do I take it, from what Ms Donaghy said, that it is like the old argument about GDP, that revenue forgone is the internationally accepted norm and standard and that any other way of doing this then becomes highly subjective as to the information on which one relies to make one's analysis - in other words, that the only real bog-standard, acceptable, across-the-board way to keep the comparison...

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: I am sorry for interrupting the Deputy.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: The Deputy has just under a minute left.

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: Can the witnesses get that additional information for the Deputy and the committee?

Committee on Budgetary Oversight: Scrutiny of Tax Expenditures: Discussion (22 Jan 2019)

Colm Brophy: We are reaching the end of the Deputy's time for his first round. Could the witnesses reply to the Deputy, please?

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