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
Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source
Absolutely, I accept that they were not, but life assurance funds did pay taxes. They may not have paid tax on the funds they were investing on behalf of their policyholders, but life assurance funds have their own capital which buys the hotels and the properties and so on.
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