Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

Could I ask if the Minister of State is going to come back to the committee before Report Stage with a note on the €50 million? It is fair enough if the €50 million is a prudent figure but to also include what the Government believes would be a success in terms of what the vulture funds will pay on whatever their profits are after normal deductibles like commercial bank loans and operating costs. For example, if they pay 20% on the rest that we would consider that to be reasonable.

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