Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

When we discuss the amendment on intangible assets tomorrow, we will discuss the specifics of one particular loophole. I suggest the Minister read Mr. Seamus Coffey's papers on this issue. He points out, for example, that following their introduction, the other changes in the area of intangible assets provided for in successive budgets from 2009 onwards applied to all claims made under the relevant allowance. This is the first time this has not happened, as the Minister stated the change will only apply in future. Mr. Coffey stated explicitly in his paper that the Minister did not have to make that choice and if he had not made done so and instead applied the 80% rate to all claims made under this measure, it would have generated an additional €1 billion in tax revenue in 2018. That point was not made by us but by Mr. Seamus Coffey in a paper and I will quote the relevant passage tomorrow.

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