Oireachtas Joint and Select Committees

Wednesday, 19 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2014: Committee Stage (Resumed)

10:40 am

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Independent)
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My understanding is that this arose from concrete proposals that came from the Global Irish Economic Forum. I appreciate where Deputy Doherty is coming from but I am not sure the measure is a realistic one, that the use of this scheme to create one job would then lead to the creation of a number of jobs ranging up to 50 or 60. Is the purpose of the relief to attract and maintain certain multinationals and-or foreign investors in the State? I wonder if the Minister of State envisages other mechanisms to measure the success of the scheme other than a specific number of jobs directly flowing from one of these jobs? I am not sure that is possible. The Minister of State may also be able to enlighten me on whether there is any plan to end this scheme or does he see it as open ended for the foreseeable future?