David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I thank Dr. Keegan for his document. I was not here for the private session last week due to a hospital appointment but I read the document.

There are three areas I wish to discuss with Dr. Keegan. He talked about capital investment as one of the allowances that can be used to reduce a company's corporation tax. We know that, in 2014 and 2015, there was a spotlight on intangible assets and the 80% cap was reduced for a period. This resulted in the amount involved increasing from €2.7 billion to €29 billion, so it was quite substantial. The number of companies that availed of it was quite small. Could Dr. Keegan talk me through what actually happened there? I do not know whether he has a competency in this area.