Michael McGrath (Cork South Central, Fianna Fail)
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67. To ask the Minister for Finance further to Parliamentary Question No. 281 of 6 October 2015, if a person who is employed by a company, is a director of the company and owns the company, in full or in part, can potentially benefit from the foreign earnings deduction scheme, if the other conditions are met; and if he will make a statement on the matter. [35765/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a person in the circumstances outlined by the Deputy could potentially benefit from the Foreign Earnings Deduction Scheme, as provided for in section 823A of the Taxes Consolidation Act 1997, provided all relevant conditions are met.