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)

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

I thank the Deputy very much for his questions on this part of the Bill. The intent behind this part of the Bill is to ensure capital gains tax is applied in the way we intend. To summarise, he is concerned that by the application of an intent he supports, it might in some way legitimise or regularise an activity that he has policy concerns about. As I understand it from what he has said, this is about the intersection between how we are taxing this activity and how it is regulated by current or future legislation. I am not fully across the gaming or licensing law on raffles in the way he has just described. I will commit to him that before we get to Report Stage, I will go through the issues that he has raised with the Department of Justice and will revert before that Stage on this legislation to try to satisfy and answer the questions he has raised. I can why there would be issues of legitimate concern. While, with my officials, I can answer the tax aspect of what he is raising, he is also raising other matters that deserve a better answer than I can give now.

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