Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance (Tax Appeals) (Amendment) Bill 2019: Discussion
Mr. Oliver Gilvarry:
The information is within the document so that a person can make a decision on the investment. It applies to big, complex businesses such as mineral extraction. It seeks information as to what business a company is doing is different jurisdictions and what the risks might be from that. Smaller businesses are more simplistic and there is likely to be just one line of business. They are not likely to be operating across jurisdictions, within or without the European Union, and what they do tends to be bespoke. It could be a fintech business or a manufacturing company. The aim is to give it the option to issue debt securities or equity, rather than require it to go to a bank or a venture capitalist for financing.
No comments