Gerald Nash (Louth, Labour)
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227. To ask the Minister for Finance if he has plans to review the 41% exit tax charged on exchange-traded funds, as reported in the media; if he will ask the Tax Strategy Group to undertake such an assessment ahead of budget 2024; and if he will make a statement on the matter. [8390/23]

Michael McGrath (Cork South Central, Fianna Fail)
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As the Deputy may be aware, as part of his Budget 2023 speech, my predecessor announced the intention to establish a working group to consider the taxation of funds, life assurance policies and other investment products, as well as commencing a review of specified institutional investment regimes. Specific detail on the parameters of such a review and timelines are still being worked out and once a thorough consideration of the matter takes place, I will share the terms of reference in due course.

In this context I do not propose to ask the TSG to undertake a separate assessment of the exit tax charged on gains from exchange traded funds ahead of Budget 2024.