Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I have a few further questions. I have heard many call for reform of the capital acquisitions tax system. It amounts to less than 1% of our tax yield and yet sometimes business or entities that do not qualify for reliefs etc. find it very difficult to pass on businesses or inheritance to the next generation. While I know Mr. Cody has no role in policy, does he have any views on the administration of this tax, given that yield is less than 1% of the total yield? What resources does it take to collect that money? How cost-effective is it? It is interesting for someone who has been reading articles on this tax and on the whole area of probate etc. in that it could be improved, even in terms of receipts for the taxpayer as well.