Oireachtas Joint and Select Committees

Monday, 16 November 2020

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

Finance Bill 2020: Committee Stage

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

The Minister will get the information for me on non-resident investors. The latter comprise the majority of the investors. The Minister stated that these entities are taxed fairly, that I did not acknowledge that point and that he receives tax from them in another way. He does not charge these entities capital gains tax at 33% or corporation tax on the sky-high rents that they are charging families in Dublin and elsewhere. What is the fair tax that the Minister applies in respect of the non-resident investors in REITs once they receive their dividends from those structures?

If the Deputy bears with me for a moment, I will get that information for him now. We tax them through the dividend withholding tax, DWT.

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