Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I have one question on the issue of the likely yield. The Minister of State has said it is an estimate. I would take a fairly broad interpretation of that. I am not sure there is a detailed breakdown of how he arrived at that figure but my question is whether the yield from these combined measures will be measurable. With regard to the additional tax that comes in, will the Department be able to say to us in a number of months' time that certain revenue can be traced back to these measures? I would imagine that in terms of the withholding tax provisions on the IREFs, that is very identifiable and that it should be possible to identify the additional income generated by that. Is any additional income from the section 110 changes going to come into the basket of corporation tax receipts and not be traceable back to these measures? An estimate of €50 million has been made, but when we all ask parliamentary questions about it in a number of months, is the reply going to be that we do not know as we cannot trace the additional yield back to the measures set out in the Finance Bill?

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