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 can get a proper note on this in advance of Report Stage, but my understanding is that one would not be able to convert retained profits into a new capital investment because that would be seen as a gain that might be liable to tax.

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