Clare Daly (Dublin North, Socialist Party)
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209. To ask the Minister for Finance further to Parliamentary Question No. 143 of 15 January 2014 if he will confirm that the identified companies are predominantly now insolvent property development or building firms and that this will impact on the outcome for the Exchequer; if the tax scheme in question involved the use of charitable trust structures; and if so will he elaborate on same. [4142/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the identified companies operate across a variety of business sectors such as retail, hospitality and property development. The beneficiaries under the scheme were the company shareholders and hence the tax assessments under appeal relate to the shareholders as distinct from the companies. Any tax liabilities that arise will be pursued by the Revenue Commissioners against those individuals. The solvency or otherwise of a participating company is thus not a feature in relation to any potential tax liabilities. The tax scheme did not involve the use of charitable trust structures.