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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Obviously, if they own more than 10% of the fund, it is more beneficial to the State because it would be treated as a immovable property and therefore the full 20% will apply and they will have no reclaim for dividend withholding tax. Why are we making a distinction between somebody with more than 10% and somebody with less than 10%?

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