Dáil debates

Thursday, 15 March 2012

10:30 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

The Minister will be aware of the significant oil find off the coast of Cork. Does the Government plan to introduce legislation to deal with the current tax and licence arrangements, which, because of capital write-offs and low tax rates, will mean that the State will get virtually nothing from this natural resource that is being developed?

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