Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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A 2% differential is one thing, but is the policy of Government now to reduce DIRT to 33% over a number of years and to leave the exit tax on other savings and investment products, such as life assurance investment products, at 41% indefinitely? Is it now the case that this link has been done away with or is it that a pragmatic decision has been made for this year on the basis of the cost of extending it across the board?