Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

This is now a broad-based tax. Deputy Howlin explained why it is being levied at 12.5% and not 33%. He explained very clearly that this is a tax not based on the realisation of a capital gain but simply an exit and movement of the intellectual property to somewhere else. This is not a realised gain that generates cash that can be used to deploy. The principle being applied here is that the same regime-----

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