Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I had said on Committee Stage that we would be bringing forward further technical amendments on Report Stage. They are technical amendments. I appreciate that Deputies take it in good faith that this particular amendment being brought forward by the Government makes technical changes. In so far as quantifying the amount we hope the changes might bring in for the State and the taxpayer next year is concerned, the amount of €50 million was discussed on Committee Stage regarding the work the Revenue Commissioners did in trying to calculate and quantify the amount. We said it was an estimate and that we hoped it was a conservative one. The Minister spoke earlier about the total effect of the section 110 companies, the Irish real estate funds, IREFs, and the amount that might be brought in based on the different calculations that have been shared. The estimate of €50 million is the figure that has been put into the budget figures for next year and which is the figure we hope to take from these combined changes, which I believe are positive measures for generating new taxation, and from the changes we intend to make through the section.

See this speech in context