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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
The Government is incentivising the investors who bought at the bottom of the market in 2013 to continue to hoard property because they will escape the 20% dividend withholding tax. There is no ifs, buts or maybes about that. The Government can vote for that and Fianna Fáil can abstain if it wants but the Government needs to understand the consequences of the provision. Multi-million investors will escape a massive tax bill because the exemption will be extended by another year.
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