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
Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source
The intention of the provision is to introduce an anti-tax avoidance measure to stop people avoiding paying tax. That is the primary purpose of the amendment. It is not necessarily revenue raising, although we obviously recognise that as people can no longer avoid the tax they will pay money into the Exchequer.
That is the way we are proceeding on this. We will know if it is successful if we see X amount in the Exchequer coming from this. I do not know if the suggestion is possible but I will speak to officials and, if it is, we will include it.
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