Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 97:

In page 142, before section 88, to insert the following new section:
“88.—The Minister shall within 3 months from the passing of this Act prepare and lay before Dáil Éireann a report on a cost-benefit analysis of tax expenditures provided for by this Act, setting out the costs of tax foregone, and the benefits in terms of job creation or otherwise.”.

A similar amendment was moved and debated by Deputy Doherty so I am withdrawing this amendment for now. However, I wish to signal my intention to move some amendments on Report Stage. These relate to section 469 (1) of the Taxes Consolidation Act 1997 which deals with the issue of self-referral to physiotherapy services and of qualifying health expenses. I also intend to table an amendment to section 30 of the Bill before us relating to certain tax incentives for aviation facilities. I would like to signal my intention to propose some amendments on the restrictions that will be imposed on the sideways setting of unused capital allowances against other income and also on determinations of the carrying forward of certain losses which apply to capital allowances remaining unused after the end of the tax life of the building, where the investor is in receipt of rental income from the facilities or is not an active partner or active trader.