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Dáil Éireann debate -
Wednesday, 5 May 1943

Vol. 89 No. 18

Financial Resolutions. - Financial Resolution No. 2—Income-Tax.

I move:—

(1) That nothing contained in Section 3 of the Finance Act, 1941 (No. 14 of 1941), shall authorise the granting of relief under that section to any individual in respect of any year of assessment to such an extent as would reduce the aggregate of the amount of income-tax, surtax (if any), and external income-tax payable by such individual in respect of any part of his income arising in a country to which the said Section 3 applies (such aggregate being computed after deduction of any relief to which he may be entitled in the said country) below the amount of income-tax and surtax (if any) which would be payable by such individual in respect of the said part of his income if that part of his income had arisen in the State.

(2) That in this Resolution the expression "external income-tax" has the same meaning as it has in the said Section 3 of the Finance Act, 1941 (No. 14 of 1941).

(3) It is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).

Could the Minister tell us what is the purpose of this Resolution?

This Resolution, the object of which I explained in the course of my Budget statement, is designed to ensure that an individual claiming relief from double taxation under Section 3 of the Finance Act, 1941, shall not be left in such a position that, taking the total tax both Irish and foreign borne by him on his income from any of the countries to which the section applies, he bears in the aggregate less tax than one of our own citizens would bear in Irish tax alone on income of the same kind and amount arising in this country.

Question put and agreed to.
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