Oireachtas Joint and Select Committees
Wednesday, 8 November 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2017: Committee Stage (Resumed)
10:00 am
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I am talking about the various allowances, credits, exemptions and reliefs that we will be discussing later. We have figures for them, so we know what are the tax expenditures. We know how much tax is forgone in those categories. As far as I know, although I would be happy to be enlightened, we do not know how much tax is going to be forgone as a result of this extension. Do we have estimates? We have just estimated how many firms or funds will benefit from it and what the quantum of assets will be. Do we have estimates for how much tax will be forgone if we extend this or if we do not do so? Do we have figures not just for the beneficiaries of this capital gains tax extension but also for the overall amount of tax forgone as a result of the extension?
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