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

No problem. We can circulate them to the committee and maybe find a way of returning to the issue tomorrow. Obviously, we will be able to return to it on Report Stage. To give an example of the kind of things that could be in play here, it could be where a leasing agreement inside a company is structured in such a way that it is allowed to benefit from the mismatch between the 12.5% trading corporate tax rate and the 25% non-trading corporate tax rate. It would be a transaction that is structured in such a way that it would be able to take advantage of the gap between those rates. I will circulate a note with diagrams and an example to allow the committee to better understand the issue. If they thought the example earlier on of asking your mother to go and buy-----

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