Oireachtas Joint and Select Committees
Wednesday, 17 November 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2021: Committee Stage (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I move amendment No. 33:
In page 45, line 13, after “exercise” to insert “, directly or indirectly,”.
I am introducing two amendments to section 30, which are technical amendments to correct a drafting error and to ensure the correct terminology is used in the legislation. The purpose of the amendments is to ensure the section operates as intended. They do not introduce any changes to the policy intention.
The first amendment corrects a drafting error by inserting the phrase "directly or indirectly". The second amendment corrects the language used where the reverse hybrid rule applies in the case of a common contractual fund. The amendment ensures that, where the rule applies, the tax obligations of the common contractual fund shall be fulfilled by the management company.
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