Oireachtas Joint and Select Committees

Thursday, 8 November 2018

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2018: Committee Stage (Resumed)

10:00 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I tabled an amendment to the Finance Bill last year which is similar to that of Deputy Boyd Barrett's seeking a report on the operation of section 110 companies. We both acknowledge the complexity of how that would operate and wanting to ensure that it was robust and doing what it was intended to do. At the conclusion of the discussion on Report Stage the Minister acknowledged that Revenue would continue to assess the situation, as he just reiterated, but he said that he wanted further analysis and that when he received it he would answer questions on it. Did the Minister receive further analysis in writing from the Department and could he share that analysis with the committee? He could do so even at a later stage or before Report Stage, as it may not be appropriate to the Finance Bill, to assure us that there is no issue in terms of how some of the companies might be operating?

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