"There are real vulnerabilities in our public finances"

[Brendan Burgess]

Much of our CT is windfall in nature

And a lot of IT comes from these multinationals

€105.7 billion tax receipts this year.

€10 billion being transferred to future funds this year and €6 billion next year.

€23.75 billion surplus this year but deficit of €6.3 billion after windfalls

€9.75 surplus next year, €5.7 billion deficit after windfalls

 

[Dr Strangelove]

Much of our CT is windfall in nature

This is the tenth year in a row of “windfall”

 

[Purple]

This is the tenth year in a row of “windfall”

How many years did we get the Stamp Duty and building boom windfalls for?

 

[Dr Strangelove]

Stamp Duty and building boom windfalls for?

2003-2008 inclusive.

I confess I’m a pedant but a windfall by definition happens occasionally.

Taxes can be above or below their natural level due to booms and busts respectively of course.

But if a boom goes on for a decade it’s probably not a boom, at least in large part.

 

[Purple]

2003-2008 inclusive.

I confess I’m a pedant but a windfall by definition happens occasionally.

Taxes can be above or below their natural level due to booms and busts respectively of course.

But if a boom goes on for a decade it’s probably not a boom, at least in large part.

We’re speaking in the vernacular for the benefit of the riffraff.