Oireachtas Joint and Select Committees
Thursday, 10 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
10:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
My last question relates to the extension of the scheme for a three-year period to 2020. The scheme has morphed into something never intended when it was first introduced in the Finance Bill 2012. Basically, it now covers most of the globe or a large part of the globe whereas it was focused on the BRIC countries originally, in other words, Brazil, Russia, India and China.
Does the Minister believe the scheme requires an extension to 2020? Could the scope be narrower and then reviewed at a later stage? I am conscious of the question of Brexit and identifying new markets. Should there be a three-year extension for all these countries without an assessment? The fact that there is a limit of 30 days makes this a rather different proposal to what was put forward originally in 2012.
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