Joan Burton (Dublin West, Labour) | Oireachtas source

I move amendment No. 86:

In page 67, between lines 21 and 22, to insert the following:“Report on relief from corporation tax for losses

25. The Minister shall within one month of the passing of this Act prepare and lay before Dáil Éireann a report on the offset of losses, carried forward from preceding accounting periods, for which relief is available in succeeding accounting periods, setting out the costs of tax foregone and the merits of any alternative to the current treatment of those losses.

I would like to hear from the Minister for Finance. He indicated earlier that he was prepared to publish information in the context of amendment No. 26 and this amendment. The issue is there are very significant tax losses built up in the Irish tax system relating to the banking and finance sector. With construction it is approximately €10.4 billion and in finance and insurance activities, it is approximately €119 billion. I would really like to hear-----

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