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

The same tax regime is being applied as if it continued to remain in Ireland, which is using the corporate tax rate that would have applied had its contribution to generating an income stream remained in Ireland. The income stream that would have been generated by that intellectual property if the company had stayed in Ireland would have been at 12.5%. This is the principle on which the 12.5% is being raised. It is the way in which the flow of income from the asset would have been taxed had it remained in Ireland. It is not realising a cash sum from which the company can pay out the money.

The Deputy is saying he is in favour of an exit tax but he wants to signal that an exit tax will arrive. The Oireachtas will not------

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