Paul Gavan (Sinn Fein) | Oireachtas source

I move recommendation No. 22:

In page 129, after line 38, to insert the following: “Report on application of stamp duty on the buy-back of shares

57. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the application of stamp duty on all purchases by companies of their own shares, and requiring companies to provide data pertaining to all purchases of their own shares to Revenue.".

We are calling for a report on the application of stamp duty on the buyback of shares. The recommendation proposes that the Minister shall, within six months of the passing of the Act, prepare and lay before Dáil Éireann a report on the application of stamp duty on all purchases by companies of their own shares and require companies to provide data pertaining to all purchases of their own shares to Revenue. This would be a very worthwhile report. It is a practice about which we have particular concerns.