Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I understand that, and that is always the trick. I put on the record of the Dáil the actual correspondence of the tax advisers to the companies. They cannot believe what has happened. When the loophole came into being in the Finance Bill in 2022, they thought it would be closed down. A year passed and it was still there. I started this conversation because company directors have always had the problem of how to take built-up wealth out of their companies in a tax-efficient way. The royal chariot has just arrived on their doorsteps and their only concern is to have enough sons, daughters or spouses to utilise the mechanism.