Oireachtas Joint and Select Committees

Wednesday, 18 November 2020

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

Finance Bill 2020: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I made the point to the Deputy a moment ago about the incompleteness of information that might be disclosed to the Stock Exchange. Even if information was made available through a Stock Exchange disclosure inside the six-month period, what we need is to be able to compare transactions across tax jurisdictions. That information will properly sit with the Revenue Commissioners and the issue is one of timing. I am sure Is will be in a position this time next year, for example, to be able to discuss with the Deputy how these rules are being availed of and the numbers of transactions and their values.

While the standard tax rules of taxpayer confidentiality will still stand, the topline information sought will be available at a point in the future but we just will not have it inside six months.

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