Dáil debates

Wednesday, 11 May 2011

1:00 pm

Photo of Jimmy DeenihanJimmy Deenihan (Kerry North-West Limerick, Fine Gael)

I will certainly consider it and will suggest it to the Minister for Finance. I will publish a report shortly on the creative industry and although it will not deal directly with this issue it will obviously bring much attention to the entire sector. Section 481 has been very successful and has been replicated throughout the world. When we won major blockbusters to this country such as "Braveheart", the UK Government asked why the film companies located to Ireland. "Saving Private Ryan" was a great success and this continues with "The Tudors", "Camelot" and others such as "The Vikings" which will be made here shortly. We have done very well with section 481. Successive Governments have used this section very successfully and have adapted it to suit the competition. When other countries caught up with us we went ahead again by making the country an attractive location.

If relief were extended would it take away this effect and be too much of a loss to the Exchequer? That should be considered. However, the gaming industry is very topical and much mentioned. I will consider the issue and make a presentation to the Minister. If the Deputy has any ideas I would welcome them. The provision has been very successful. We lead the world in the number of films made in Ireland. This is something we have done well as a country and it should be recognised.

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