Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It is our job to ensure that does not happen. Whatever about the funds industry and the vehicles it uses to have no tax liability, when we are talking about IREFs we are talking about property in this State in respect of which we have the primary taxing right. It should never have been the case that they escaped tax. By introducing the dividend withholding tax, we have started to tax them, yet they clearly have found a way around this because their assets have increased dramatically. Their assets have increased by over 200%, yet their tax is dropping.