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

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

The imputed distribution regime only kicks in when benefits have been drawn down. The avoidance scheme was that they were not drawing the benefits at all so the imputed tax did not kick in.

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