Oireachtas Joint and Select Committees
Tuesday, 20 September 2016
Committee on Budgetary Oversight
Revenue Raising Proposals: Minister for Finance and Revenue Commissioners
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
If one looks at some of the public accounts of these companies, Kennedy Wilson for example, one sees reference to withholding tax on British assets of 20% and on Spanish assets of 25% and it will boldly state that there is no tax on their Irish assets. In Kennedy Wilson's case that is assets of €1 billion and rental income of €26 million in the first six months of the year. Is the Minister open to the idea of introducing a 20% or 25% withholding tax for foreign shareholders in relation to QIAIFs?
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