Pearse Doherty (Donegal, Sinn Fein)
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There are two different topics I want to discuss on a separate issue. It is the issue of intangible assets. It may not be one of Mr. Coffey's main recommendations but one that I picked out of the report on the day it was published was the reintroduction of the 80% cap for the writing-off of intangible assets against profits. We are glad that the Finance Act acted on that issue. I have concerns, which I have previously discussed with Mr. Coffey in the committee, in respect of the fact that it only applied to assets that were brought onshore at a given point in time. I know that he has shared some concerns in that regard. Does he still hold the position that the 80% should also apply for future claims in respect of assets that were brought onshore at the time when the tax code allowed for 100%?