Oireachtas Joint and Select Committees

Tuesday, 16 November 2021

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

Finance Bill 2021: Committee Stage

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I move amendment No. 23:

In page 20, between lines 27 and 28, to insert the following: “16. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the revenue gained from increasing corporation tax to 25 per cent for corporations with over €800,000 in profits and in closing loopholes that exist that allow corporations to hugely reduce their rate of tax.”.

We had some discussion on this matter earlier. Deputy Barry can speak to his own amendment, as his is a slightly different take on it than People Before Profit's, but our amendments are considering the same area. I think that there is a drafting error in my amendment, as it refers to the Finance Act 2021. I am sure that is meant to read "Finance Act 2022". We will redraft it.

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