Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Fáilte roimh. We know from the Coffey report and the tax strategy papers that claims for capital allowances for intangible assets increased from €2.7 billion in 2014 to €28.9 billion in 2015, which was an enormous jump. Obviously, intangible assets include intellectual property. This coincides with the onshoring of IPs by some multinationals. The Coffey report has suggested a limit of 80% on the quantum of relevant income that could be set against capital allowances for which intangible assets or any other related interest-related deductions could be made in a given tax year. What is the Irish Tax Institute's position on this suggestion?