Noel McCarthy (Cork East, Fine Gael)
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270. To ask the Minister for Finance if he has considered the Funds Sector 2030 report recommendations on the taxation of investment funds and life assurance policies; if so, if he is considering any suggested taxation changes in this regard; and if he will make a statement on the matter. [6144/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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In October 2024, my predecessor published the ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’, a wide-ranging review of the funds and asset management sector. The Review fulfilled certain recommendations of the Commission on Taxation and Welfare 2022 report which called for, among other things, an examination of the taxation regime for funds and life assurance policies, with the goal of simplification and harmonisation where possible.

The Report arising from the Review sets out a series of recommendations to ensure that, in pursuit of continued growth in the funds and asset management sector, Ireland’s funds sector framework remains resilient, future-proofed, supportive of financial stability and a continued example of international best-practice. Recommendations 22 and 23 included consideration of reforms to the taxation of Irish domiciled funds and to the taxation of Irish domiciled life products.

The 2025 Programme for Government has committed to progress and publish an implementation plan taking into consideration the Funds Review recommendations to unlock retail investment and opportunities to grow this sector in Ireland, and I, working with my officials, will consider next steps in this regard over the coming months.