Brian Stanley (Laois, Sinn Fein) | Oireachtas source

I welcome that the Minister is accepting amendments Nos. 8 and 11. That is positive and a welcome thing to see happen. Regarding royalties, I acknowledge that there are other benefits and that there are benefits arising from every job created, regardless of what the job is, in terms of revenue and employment and reducing the social welfare expenditure. It is always a benefit when a job is created and we want to do that. We are in favour of that and that is why we are being careful on this. In some offshore mineral extraction industries, royalties have been written off against corporation tax. I do not know if the Minister of State can clarify this, I know he is not the Minister for Finance, but I would be obliged if he or his officials could clarify this point before we proceed. Is that also the case with minerals? Are there occasions when corporation tax is written off against costs for developing mines, exploration and so on?

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