asked the Minister for Finance if he will state the estimated cost to the Exchequer in a full year of the extension of the 20 per cent. remission of tax on dividends to all securities issued to the public by Irish manufacturing concerns since 1932.
Ceisteanna—Questions. Oral Answers. - Tax Remission on Irish Securities.
The application of the provisions of Section 7 of the Finance Act, 1932, to all securities issued to the public by Irish manufacturing concerns since 1932 involves the granting of relief from estate duty in respect of such securities as well as the income-tax abatement on dividends from them. The total cost to the Exchequer in a full year of such application is estimated at £70,000.