Mick Wallace (Wexford, Independent) | Oireachtas source

I struggled to hear all of the Minister's answer.

It has been confirmed to me that non-resident investors may seek relief from the newly enacted 20% withholding tax if they are resident in a county with which Ireland has a double-taxation agreement through section 172D of the Taxes Consolidation Act 1997. We have double-taxation agreements with 72 countries at the moment. I think the Minister went through the details of how it works with countries such as the US.

I may have misunderstood the Minister; has he tabled an amendment to the Finance Bill on the matter or is he saying it is not worth the Department's bother trying to do it differently? I would have thought it would be a good idea to completely remove the exemptions from dividend withholding tax for non-resident investors. Has the Minister addressed that in the Bill?

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