Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Let us reverse. Financial Resolution No. 3, on which I spoke earlier, is fine regarding closing that avoidance measure. How did the Government calculate the €1 million cost to the State from Financial Resolution No. 4? That is where the Minister spoke about the 14 investors but those investors were in Financial Resolution No. 3. The Government is opening the potential for another tax avoidance measure. The intended outcome is good but the Government is relaxing the restriction that forced high earners to pay a certain proportion of their income in taxes. How did the Government calculate €1 million? Where did this lobby come from? Earlier the Minister mentioned that Financial Resolution No.3 came from the Revenue. Who is lobbying for this? How many individuals does the Minister think will increase their investment as a result of this?

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