Oireachtas Joint and Select Committees
Tuesday, 27 May 2014
Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation
Ireland's Corporate Tax System: Discussion
5:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Yes, but one pays interest on it. As regards share values, however, because they do not have to pay tax on it the value of their shares can appreciate - sometimes enormously - and they can then sell those shares and make vast fortunes. Generally speaking, it is not a mechanism that is available to ordinary citizens but by doing this, shareholders in those companies can become very rich. Is that not true?
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