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

Yes, exactly. So we could get more tax if we just applied the 33% in both instances, but we are worried that we might not as a result of the group reliefs under capital gains that can be availed of. The Minister could just get rid of the group reliefs. I think he should do so. The wider section 22 deals with inter-group transactions, to which the Minister has referred. Indeed, they were mentioned earlier. The scale of the reliefs here is staggering, at €35.275 billion for 2020. If the Minister has more up-to-date figures, it would be interesting to see how they have changed. That figure for 2020 is remarkable. I am amazed nobody has remarked on it more. The tax relief figure jumped from €16 billion in 2019, which was in itself an eye-watering figure, to €35 billion in 2020. These companies are charging themselves for the purchase or use of patents, and then writing down their tax bills as a result of the reliefs that are available and writing down the amount of their income that is subject to tax. To my mind, this defies comprehension. It is just profit shifting; that is all it is. In my view, tax avoidance is being facilitated by the tax code. The Minister could just get rid of the reliefs. I do not understand the reason or the justification for them.