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 Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I read into the record a detailed note from Revenue on how it calculated that figure, including the extrapolations it made in arriving at €50 million and the reason that figure was ultimately included. I did say that it was a conservative figure but it was prudent to be conservative in this regard. If between now and Report Stage we can provide a better understanding of the breakdown between IREFs and section 110 companies into the future, we will do so. As we have moved on from section 21, I do not have the relevant note to hand but I will ensure it is passed on to the Deputy.

In so far as the 96 entities are concerned, the disclosure of the identity of those entities is a matter for the Central Bank.

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