Dáil debates

Thursday, 13 February 2025

Ceisteanna Eile - Other Questions

Tax Yield

3:20 am

Photo of Cian O'CallaghanCian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

I start by congratulating Deputy Brabazon both on his election and on his maiden contribution. I know he has been a very hardworking, committed public representative for many years.

In 2020, the Minister said that investment funds were engaging in aggressive behaviour to avoid tax. He introduced a range of measures that were supposed to clamp down on this tax avoidance. Since then, these property investors have seen their tax halved despite growing the size of their portfolios by more than €8 billion during the same period. A review was commenced by Revenue in 2022 to investigate this tax avoidance. Where is this review? How many more years will the Minister allow this to continue?

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