Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Is the Minister willing to consider removing the exemption from dividend withholding tax for non-resident investors in qualifying investor alternative investment funds on dividends relating to profits or gains relating to lands or property situated in the State? We know from the funds industry that the Irish-registered qualifying investor alternative investment funds have net assets of €383 billion as of March this year. We know that foreign investors are using these funds to buy up property at ferocious speeds over the last number of years since the crash. We also know that our tax law allows for them to have no tax liability on the hundreds of millions of euro of rental income that they receive here each year from the billions of euro worth of property that they own. Would the Minister consider the measure that I have suggested to him?

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