Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

173. To ask the Minister for Finance the amount the State has foregone in tax write-downs due to the use of section 110 according to the latest available figures. [36317/17]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am informed by Revenue that as Corporation Tax returns do not require separate entry of information in respect of the tax foregone due to the use of section 110, it is not possible to provide the figures requested.

However, the Deputy may wish to note that the estimated tax yield from the section 110 and funds changes introduced in the 2016 Finance Act were estimated at €50 million at the time of their introduction. This estimate was both conservative and prudent. To estimate the yield from these amendments into the future requires predicting changes in property prices as well as behavioural changes. It is too early for the Department or Revenue to revise the final amount expected in 2017 or beyond, however based on receipts received to date it is likely that the expected yield will be exceeded.

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

174. To ask the Minister for Finance the amount the State has foregone in capital gains tax allowances for international investment funds for the latest available figures. [36318/17]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

175. To ask the Minister for Finance the amount the State has forgone in rental taxes for international investment funds for the latest available figures. [36319/17]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

196. To ask the Minister for Finance the amount that could be raised from imposing a 10% levy on the profits of international investment funds operating here. [36340/17]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 174, 175 and 196 together.

I am informed by Revenue that it is not possible to identify from tax returns data the amount of income and gains from international investment funds. For this reason it is not possible to provide the figures in the questions.