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

Yes, but, what if it is a company? There is a concept that taxing the company and then taxing the shareholder is somehow a double taxation. It is not double taxation. It is completely normal taxation. Companies are taxed, they pay profits to the shareholders and those shareholders are then taxed. Is this right? I would like to run through all of this. I accept that pension holders, when they get their payout, are taxed and it is taxable income. Am I right in thinking that if a pension fund buys the hotel, there would be no tax paid?

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